Friedman: Spark Prosperity for Everyone to Close the Racial Wealth Gap

Robert E. Friedman believes we can close the racial wealth divide in a generation. “I believe in the promise of this country … and in this community. St. Louis has become a symbol to the country of the results of racial inequity, and I think it’s leading the way to close the racial wealth divide, and to let America live up to its ideals.”

Sawhill: Big-Impact Research, Data Access Needed to Help Working Class

Courtesy of the Federal Reserve Bank of St. Louis.

Isabel Sawhill thinks too many researchers are more interested in publishing papers than making sure their work has major impact. “An awful lot of researchers are not asking the right questions,” says Sawhill, Senior Fellow, Economic Studies at the Brookings Institution. “We need to push scholars to do more research on big questions.”

Illinois Approves Child Development Accounts for All Newborns

Illinois state capitol, Springfield, Illinois

Illinois became the most recent state in the U.S. to adopt universal Child Development Accounts on August 23, when Gov. J.B. Pritzker signed legislation to open a 529 college savings plan account with deposits for every child born or adopted in Illinois after Dec. 31, 2020.

Nebraska Approves Universal, At-Birth CDA Policy

Nebraska’s legislature today approved a universal Child Development Account (CDA) policy that will cover every resident born in the state on or after January 1, 2020.