Singapore has comprehensive lifelong asset-building policies for its citizens. Four programs specifically target children: (1) Children Development Accounts (CDAs) for children starting at birth to age 12; (2) the Edusave account for school children aged six to 17; (3) Postsecondary Education accounts (PSEAs) for children aged 13 years and older; and (4) the Medisave Account, which is opened for every newborn.
Loke, V., & Sherraden, M. (2015, December). Building children’s assets in Singapore: The beginning of a lifelong policy (CSD Policy Brief No. 15-51). St. Louis, MO: Washington University, Center for Social Development.