The Federal CSAs landscape has shifted quite a bit since the first federal Children Savings Accounts (CSAs) proposal emerged in the late 1990s: former Senator Bob Kerrey’s bipartisan “KidSave” proposal, which aimed to automatically establish retirement savings accounts for every newborn child. And that landscape is poised to shift again with control of the White House, House, and Senate up for grabs. The success, scope, and structure of federal CSAs depend entirely on who controls which branches of government, so it’s difficult to speculate on what the federal CSAs landscape might be.
This is one in a series or briefs developed in conjunction with the Financial Independence policy conference held on September 16 and 17, 2024, in Washington, DC. The convening was hosted by the Center on Assets, Education, and Inclusion at the University of Michigan School of Social Work, the Center for Social Development, the Center for Guaranteed Income Research at the University of Pennsylvania, and Poverty Solutions at the University of Michigan. Support for the conference and subsequent publications came from the Annie E. Casey Foundation, the Charles Stewart Mott Foundation, the McKnight Foundation, and the University of Michigan’s School of Social Work. For the conference report and links to other briefs in this series, visit https://dx.doi.org/10.7302/25210
Project: SEED for Oklahoma Kids (SEED OK)
Citation
Boshara, R. (2024). The (unknown) children’s savings accounts federal policy landscape (Conference Brief). University of Michigan, School of Social Work, Center on Assets, Education, and Inclusion. https://doi.org/10.7302/24443