Ansong, D., Okumu, M., Nyon, T., Appiah Kubi, J., Amoako, E. O., Koomson, I., Conklin, J. (2023). The effectiveness of financial capability and asset building interventions in improving youth’s educational well-being: A systematic review. Adolescent Research Review. Advance online publication. https://doi.org/10.1007/s40894-023-00223-x
Category: Financial Inclusion
My Alfond Grant CDA: Experience From 10 Years of Automatic Deposits for All Maine Newborns
Quint, C. J., & Clancy, M. M. (2023, June). My Alfond Grant CDA: Experience From 10 years of automatic deposits for all Maine newborns (CSD Policy Brief No. 23-19). Washington University, Center for Social Development. https://doi.org/10.7936/9tx1-hf90
Child Well-Being Policies in Post-Soviet Countries: The Potential of Child Development Accounts
Huseynli, A., & Sherraden, M. (2023, June). Child well-being policies in post-Soviet countries: The potential of Child Development Accounts (CSD Policy Brief No. 23-18). Washington University, Center for Social Development. https://doi.org/10.7936/8f0m-qs76
Policy, Practice, and Institutional Barriers to Financial Capability and Asset Building Related to Race (Racism) in the United States
Jones, J. L., Birkenmaier, J., Johnson, L., McClendon, G. G., Nam, Y., Huang, J., & Onifade, E. (2023). Policy, practice, and institutional barriers to financial capability and asset building related to race (racism) in the United States. In M. L. Teasley, M. S. Spencer, & M. Bartholomew (Eds.), Social work and the Grand Challenge of Ending Racism: Concepts, theory, and evidence based approaches (Chap. 21). Oxford University Press.
Understanding the Use of Digital Finance Among Older Internet Users in Urban China: Evidence From an Online Convenience Sample
Zeng, Y., & Li, Y. (2022). Understanding the use of digital finance among older internet users in urban China: Evidence from an online convenience sample. Educational Gerontology, 49(6), 477–490. https://doi.org/10.1080/03601277.2022.2126341
Special issue proposes a path to economic progress in Africa

Bringing together evidence from a diverse network of researchers and practitioners in sub-Saharan Africa (SSA), the March special issue of Global Social Welfare highlights the Center for Social Development’s focus on improving economic well-being for marginalized populations on the continent. The issue, “Financial Capability and Assets for Socioeconomic Development,” was developed through the Financial Capability […]
Women’s Participation in a Savings Group and Depression: A Community-Based Financial Capability Intervention in Mozambique
Tadesse, A., & Huang, J. (2023). Women’s participation in a savings group and depression: A community-based financial capability intervention in Mozambique. Global Social Welfare, 10(1), 49–59. https://doi.org/10.1007/s40609-022-00251-w
Special Issue | Financial Capability and Assets for Socioeconomic Development
Ansong, D., Okumu, M., & Koomson, I. (Eds.). 2023). Financial capability and assets for socioeconomic development [Special issue]. Global Social Welfare, 10(1). https://link.springer.com/journal/40609/volumes-and-issues/10-1
Private Supplementary Tutoring Expenditures and Children’s Learning Outcomes: Gender and Locational Evidence from Ghana
Ansong, D., Koomson, I., Okumu, M., Alhassan, M., Makubuya, T., & Abreh, M. K. (2023). Private supplementary tutoring expenditures and children’s learning outcomes: Gender and locational evidence from Ghana. Studies in Educational Evaluation, 76, Article 101232. https://doi.org/10.1016/j.stueduc.2022.101232
Financial Capability Training for Social Workers in Singapore: Towards More Effective Practice
Deepa, V., Ghoh, C., & Sherraden, M. S. (2023). Financial capability training for social workers in Singapore: Towards more effective practice. International Social Work. Advance online publication. https://doi.org/10.1177/00208728221150901
Asset Building Policies to Lift the Resource Curse: Child Development Accounts in Oil-and-Gas-Rich Countries
Huseynli, A. (2023). Asset building policies to lift the resource curse: child development accounts in oil-and-gas-rich countries. Children and Youth Services Review, 145, 106717. https://doi.org/10.1016/j.childyouth.2022.106717
Effect of Financial Literacy on Poverty Reduction Across Kenya, Tanzania, and Uganda
Koomson, I., Ansong, D., Okumu, M., & Achulo, S. (2023). Effect of financial literacy on poverty reduction across Kenya, Tanzania, and Uganda. Global Social Welfare, 10(1), 93–103. https://doi.org/10.1007/s40609-022-00259-2
Introduction to the Special Issue on Financial Capability and Asset Building for Family Financial Wellbeing
Birkenmaier, J., Rothwell, D. R., Jacobson Frey, J., & Spence Coffey, D. (2022). Introduction to the Special Issue on Financial Capability and Asset Building for Family Financial Wellbeing. Journal of Family and Economic Issues, 43(4), 647–643. https://doi.org/10.1007/s10834-022-09871-y
Special Issue | Financial Capability and Asset Building for Family Financial Wellbeing
Rothwell, D. R., Jacobson Frey, J., & Birkenmaier, J. (Eds.). (2022). Special issue on financial capability and asset building for family financial wellbeing. Journal of Family and Economic Issues, 43(4). https://link.springer.com/journal/10834/volumes-and-issues/43-4
Financial Capability in Africa: Innovation Through Evidence, Practice, and Policy
Ansong, D., Okumu, M., & Koomson, I. (2023). Financial capability in Africa: Innovation through evidence, practice, and policy [Special issue introduction]. Global Social Welfare, 10(1), 1–7. https://doi.org/10.1007/s40609-022-00256-5
Global Child Development Accounts: A “Moon Shot” to Develop Every Child and the Planet
Sherraden, M., & Zou, L. (2022, October). Global Child Development Accounts: A “moon shot” to develop every child and the planet (CSD Perspective No. 22-27). Washington University, Center for Social Development. https://doi.org/10.7936/s6qa-9q90
Asset Building Among U.S. Lawful Permanent Residents: The Role of Initial Legal Status
Zeng, Y. (2022). Asset building among U.S. lawful permanent residents: The role of initial legal status. Journal of Immigrant & Refugee Studies. Advance online publication. https://doi.org/10.1080/15562948.2022.2128497
Building Financial Capability Among Low-Income Older Asian Immigrants: The Roles of Financial Access and Locus of Control
Nam, Y., Sherraden, M. S., Lee, E. J., & Huang, J. (2022). Building financial capability among low-income older Asian immigrants: The roles of financial access and locus of control. Journal of Consumer Affairs, 56(4), 1683-1704. https://doi.org/10.1111/joca.12486
Effective Finance to Increase Financial Well-Being for Low-Income Families: Empirical Examination and Policy Implications
Huang, J., Sherraden, M., Sherraden, M. S., & Johnson, L. (2022). Effective finance to increase financial well-being for low-income families: Empirical examination and policy implications. Journal of Consumer Affairs, 56(4), 1638–1657. http://doi.org/10.1111/joca.12484
Social Workers Can Help Adults With Complex Needs With Financial Wellbeing
Fang, S., & Huang, J. (2022). Social workers can help adults with complex needs with financial wellbeing. BMJ, 378, Article 1928. http://dx.doi.org/10.1136/bmj.o1928
Child Development Accounts Reach Over 15 Million Globally
Zou, L., & Sherraden, M. (2022, June). Child Development Accounts reach over 15 million children globally (CSD Policy Brief No. 22-22). Washington University, Center for Social Development. https://doi.org/10.7936/yfyb-r646
Bank Compliance With National Transaction Account Standards: Evidence From a Mid‐Western Metropolitan Area
Birkenmaier, J., Huang, J., & Balu, A. (2022). Bank compliance with national transaction account standards: Evidence from a mid‐western metropolitan area. Journal of Consumer Affairs, 56(2), 982–1003. https://doi.org/10.1111/joca.12428
Financial Facts: SEED OK Child Development Accounts at Age 14
Clancy, M. M., Beverly, S. G., Schreiner, M., Huang, J., & Sherraden, M. (2022, June). Financial facts: SEED OK Child Development Accounts at age 14 (CSD Fact Sheet No. 22-20). Washington University, Center for Social Development. https://doi.org/10.7936/13ge-kt42
Interventions Designed to Improve Financial Capability: A Systematic Review
Birkenmaier, J., Maynard, B., & Kim, Y. (2022). Interventions designed to improve financial capability: A systematic review. Research on Social Work Practice, 32(6), 651–677. https://doi.org/10.1177/10497315221080127
Financial Capability
Sherraden, M. S., Huang, J., & Ansong, D. (2022, February 24). Financial capability. In C. Franklin (Ed.), Encyclopedia of Social Work (Online ed.). https://doi.org/10.1093/acrefore/9780199975839.013.1201
The Long Afterlife of Slavery in Asset Stripping, Historical Memory, and Family Burden: Toward a Third Reconstruction
Fergus, D., & Shanks, T. R. (2022). The long afterlife of slavery in asset stripping, historical memory, and family burden: Toward a third Reconstruction. Families in Society, 103(1), 7–20. https://doi.org/10.1177/10443894211061283
Financial Capability and Asset Building With a Racial- and Gender-Equity Lens: Advances from the Field
Finsel, C., Watson Grote, M., Libby, M., Mahon, C., & Sherraden, M. S. (2022). Financial capability and asset building with a racial- and gender-equity lens: Advances from the field. Families in Society, 103(1), 86–100. https://doi.org/10.1177/10443894211063133
Building Financial Capability and Assets in America’s Families
Sherraden, M. S., Huang, J., Jones, J. L., & Callahan, C. (2022). Building financial capability and assets in America’s families [Special issue introduction]. Families in Society, 103(1), 3–6. https://doi.org/10.1177/10443894211066464
Special Issue | Building Financial Capability and Assets in America’s Families
Sherraden, M. S., Huang, J., Jones, J. L., & Callahan, C. (Eds.). (2022). Building financial capability and assets in America’s families [Special issue]. Families in Society, 103(1). https://journals.sagepub.com/toc/fisa/103/1
Policy Design for Child Development Accounts: Parents’ Perceptions
Beverly, S. G., Huang, J., Clancy, M. M., & Sherraden, M. (2022, January). Policy design for Child Development Accounts: Parents’ perceptions (CSD Research Brief No. 22-03). Washington University, Center for Social Development. https://doi.org/10.7936/nbdq-xa08
Introducing the Disease Outbreak Resilience Index (DORI) Using the Demographic and Health Surveys Data from sub‑Saharan Africa
Koomson, I., Okumu, M., & Ansong, D. (2022). Introducing the Disease Outbreak Resilience Index (DORI) Using the Demographic and Health Surveys data from sub‑Saharan Africa. Social Indicators Research, 162, 1149–1175. https://doi.org/10.1007/s11205-022-02881-1
Household Financial Capability and Economic Hardship: An Empirical Examination of the Financial Capability Framework
Sun, S., Chen, Y.-C., Ansong, D., Huang, J., & Sherraden, M. S. (2022). Household financial capability and economic hardship: An empirical examination of the financial capability framework. Journal of Family and Economic Issues, 43(4), 716–729. https://doi.org/10.1007/s10834-022-09816-5
Financial Capability and Asset Building in Social Work Practice
Sherraden, M. (2022, January). Financial capability and asset building in social work practice (CSD Perspective No. 22-01). Washington University, Center for Social Development. https://doi.org/10.7936/a6jt-bb86
Preparing Social Workers to Improve People’s Finances
Sherraden, M. S. (2022, January). Preparing social workers to improve people’s finances (CSD Perspective No. 22-02). Washington University, Center for Social Development. https://doi.org/10.7936/w45g-2b72
Financial Facts from the SEED for Oklahoma Kids Child Development Account Experiment
Center for Social Development. (2021, December). Financial facts from the SEED OK Child Development Account experiment (CSD Fact Sheet No 21-42). Washington University, Center for Social Development. https://doi.org/10.7936/b5y6-jg13
Targeted Deposits in Pennsylvania’s Keystone Scholars Child Development Account Program
DeCecco, A., Peachey, J., & Clancy, M. M. (2021, November). Targeted deposits in Pennsylvania’s Keystone Scholars Child Development Account program (CSD Policy Brief No. 21-36). Washington University, Center for Social Development. https://doi.org/10.7936/5qg9-4191
We Have Clean Water and Clean Air: Why Not Clean Finance, Too? A Vision for Inclusion and Equity
Huang, J., Sherraden, M., & Sherraden, M. S. (2021). We have clean water and clean air: Why not clean finance, too? A vision for inclusion and equity. In R. Boshara & I. Rademacher (Eds.), The future of building wealth: Brief essays on the best ideas to build wealth—for everyone (pp. 83–89). Federal Reserve Bank and Aspen Institute. https://futureofwealth.org/wp-content/uploads/2021/09/Sec-2.pdf
Human Service Professionals: A Ready Workforce for Financial Capability
Sherraden, M. S., Huang, J., & Jones, J. L. (2021). Human service professionals: A ready workforce for financial capability. In R. Boshara & I. Rademacher (Eds.), The future of building wealth: Brief essays on the best ideas to build wealth—for everyone (pp. 193–199). Federal Reserve Bank of St. Louis & Aspen Institute. https://futureofwealth.org/wp-content/uploads/2021/09/Sec-3.pdf
Transforming 529 College Savings Plans: Grow Assets for Everyone, Grow the Country
Sherraden, M., & Clancy, M. M. (2021). Transforming 529 college savings plans: grow assets for everyone, grow the country. In R. Boshara & I. Rademacher (Eds.), The future of building wealth: Brief essays on the best ideas to build wealth—for everyone (pp. 251–257). Federal Reserve Bank of St. Louis & Aspen Institute. https://futureofwealth.org/wp-content/uploads/2021/09/Sec-5.pdf
Asset Building: Toward Inclusive Policy
Sherraden, M., Johnson, L., Clancy, M. M., Beverly, S. G., Sherraden, M. S., Schreiner, M., Elliott, W., III, Williams Shanks, T. R., Adams, D., Curley, J., Huang, J., Grinstein-Weiss, M., Nam, Y., Zhan, M., & Han, C. K. (2021, September 29). Asset building: Toward inclusive policy. In C. Franklin (Ed.), Encyclopedia of social work. https://doi.org/10.1093/acrefore/9780199975839.013.25
A Policy Mapping Analysis of Goals Related to Bank Accounts in Federal Legislative Proposals
Birkenmaier, J. M. & Janssen, A. (2021). A policy mapping analysis of goals related to bank accounts in federal legislative proposals. Journal of Policy Practice and Research, 3, 96–117. https://doi.org/10.1007/s42972-021-00037-y
The Case for a Nationwide Child Development Account Policy: A Policy Brief Developed by CDA Experts and Researchers
Cisneros, J., Clancy, M. M., Elliott, W., III, Feinstein, A., Kanter, M., Karcher-Ramos, M., Kugler, C., Peachey, J., Quint, C., Shapiro, T. M., & Sherraden, M. (2021, August). The case for a nationwide Child Development Account policy: A policy brief developed by CDA experts and researchers (CSD Policy Brief No. 21-20). Washington University, Center for Social Development.
Redesigning College Savings (529) Plans to Achieve Inclusive Child Development Accounts: A Policy Brief Developed by CDA Experts and Researchers
Cisneros, J., Clancy, M. M., Elliott, W., III, Feinstein, A., Kanter, M., Karcher-Ramos, M., Kugler, C., Peachey, J., Quint, C., Shapiro, T. M., & Sherraden, M. (2021, August). Redesigning college savings (529) plans to achieve inclusive Child Development Accounts: A policy brief developed by CDA experts and researchers (CSD Policy Brief No. 21-21). Washington University, Center for Social Development.
CSD and Partners Launch New Multinational Collaboration in Africa

Mobile phones have become commonplace in sub-Saharan Africa. There, as in other parts of the world, financial technology has proliferated with the expansion of digital access, opening new doors to financial products and services. But this emerging landscape requires financial acumen, and sound guidance can be hard to find.
On July 15, a multinational group of partners gathered virtually to mark the launch of Financial Capability and Asset Building in Africa (FCAB Africa), a new collaboration aimed at meeting these needs.
Brief Report: Health Expenditures for Children with Autism and Family Financial Well-Being in China
Zhou, L., Wang, J., & Huang, J. (2021). Brief report: Health expenditures for children with autism and family financial well-being in China. Journal of Autism and Developmental Disorders. https://doi.org/10.1007/s10803-021-05214-2
Reflections of a Central Bank Governor
Addison, E. (2021, July). Reflections of a central bank governor (CSD Perspective No. 21-18). Washington University, Center for Social Development.
FCAB Africa: Advancing Financial Stability, Security, and Well-Being
Center for Social Development. (2021, July). FCAB Africa: Advancing financial stability, security, and well-being (CSD Fact Sheet No. 21-12). Washington University, Center for Social Development. https://doi.org/10.7936/gmwt-0238
FCAB Africa: Summary of Achievements as of July 2021
Center for Social Development. (2021, July). FCAB Africa: Summary of achievements as of July 2021 (CSD Fact Sheet No. 21-13). Washington University, Center for Social Development. https://doi.org/10.7936/j5rd-tr36
Asset Building and Child Development: A Policy Model for Inclusive Child Development Accounts
Huang, J., Sherraden, M., Clancy, M. M., Beverly, S. G., Shanks, T. R., & Kim, Y. (2021). Asset building and child development: A policy model for inclusive Child Development Accounts. RSF: The Russell Sage Foundation Journal of the Social Sciences, 7(3), 176–195. https://doi.org/10.7758/RSF.2021.7.3.08
Lessons on Policies That Strengthen Household Financial Resilience to Overcome Shocks: A Keynote Address by Dr. Mahamudu Bawumia, Vice President of the Republic of Ghana
Bawumia, M. (2021, July). Lessons on policies that strengthen household financial resilience to overcome shocks: A keynote address by Dr. Mahamudu Bawumia, Vice President of the Republic of Ghana (CSD Perspective No. 21-17). Washington University, Center for Social Development.