California launches nation’s largest Child Development Account policy

The state enrolls 3.4 million children in CalKIDs, which CSD experts helped to shape. Today Governor Gavin Newsom publicly launched CalKIDS, the California Kids Investment and Development Savings program. With 3.4 million children in the first cohort of enrollees and more than $1.8 billion in assets, CalKIDS leaves the starting gate as the nation’s largest […]

Audience of over 2.65 million for keynotes on financial social work

On June 29, Faculty Directors Jin Huang and Minchao Jin delivered keynote addresses at the 2022 Financial Literacy Education Forum in mainland China. Carried by state news agency Xinhua, Sina Weibo, Youku, and numerous other platforms, the event drew an audience of over 2.65 million viewers.

Worldwide, over 15 million have Child Development Accounts

New estimates on the number of children around the globe who are building assets in CDAs. Over 15 million children have built assets in Child Development Accounts (CDAs), according to new estimates in a brief by Li Zou and Michael Sherraden with the Center for Social Development in the Brown School at Washington University. Zou […]

Child Development Accounts expand resources for higher education

New research from the Center for Social Development shows that a children’s account policy reduces obstacles to higher education. As the cost of higher education continues to grow, families in the United States struggle to save enough for children’s education. State 529 college savings plans are investment vehicles that assist families in meeting this need, […]

Senator, national experts discuss strategies for economic security

Policies to strengthen vulnerable families typically focus either on boosting income for present needs or assets for future priorities. A recent event spotlighted policies to integrate the two approaches for vulnerable families – as we already do for other families.

Journal spotlights research to improve financial well-being in vulnerable families

How can vulnerable families overcome barriers to financial security, and what has made it difficult for them to do so? New research in a special issue of Families in Society seeks answers to those questions. Guest edited by Jin Huang, Margaret Sherraden, Jenny L. Jones, and Christine Callahan, the collection developed from papers presented during […]

Top social workers in China call for curriculum changes, financial capability

How does a nation train over a million social workers to help build the financial capability and assets of their clients? What should social workers in China know about finance, and what is the best way to teach them? Weighing these matters, researchers and several of China’s top social workers proposed changes at the First […]

CSD releases new tools for educators

As colleges and universities begin the new academic year, educators in social work and other human-service fields have new tools for equipping students with the knowledge needed to guide clients with financial problems.

Sherraden receives Billups Award for international leadership

The International Consortium for Social Development has given Michael Sherraden the 2021 James Billups International Social Development Leadership Award. In presenting the award, Consortium President Manohar Pawar recognized Sherraden’s “distinguished contribution to social development theory and practice knowledge based on impactful action in strengthening the financial capacity and asset base for poor people and communities […]

Study on WU partnerships in China wins 2020 Best Article Award

On August 26, 2021, the China Journal of Social Work announced the 2020 Best Article Award, honoring a study by an international team of scholars that includes Center for Social Development (CSD) affiliates Michael Sherraden, Li Zou, Suo Deng, Jin Huang, Margaret Sherraden, and Nancy Morrow-Howell, as well as Shanti Khinduka, former dean of the […]

Prominent Child Development Account experts outline a nationwide policy

A group of experts and researchers is making the case for a nationwide Child Development Account (CDA) policy. The group, which includes CSD Founding Director Michael Sherraden and Policy Director Margaret Clancy, recently released the outline in a pair of CDA policy briefs. The briefs are entitled “The Case for a Nationwide Child Development Account […]

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.

At Conference, Leaders Call for Financial Capability and Asset Building Curriculum in All Schools of Social Work

As the COVID-19 pandemic worsens America’s already deep income and wealth divides, how can financial capability be increased for vulnerable families? What role can social workers play? To take up these questions, more than 100 scholars and practitioners gathered virtually on February 25 for “Theory, Evidence, Education, and Practice in FCAB,” Part 2 of the convening “Financial […]

Huang Delivers First Nationwide Financial Capability Training for Social Workers in China

On January 30, Center for Social Development (CSD) research associate professor Jin Huang delivered the first national financial capability training for Chinese social workers. Speaking to more than 800 attendees, Huang discussed broadening the term “financial literacy” to the concept of “financial capability,” or having both the knowledge to make optimal financial decisions and also […]

New CSD Report Celebrates over 25 Years in the Community

In 2021, the Center for Social Development (CSD) celebrates over 25 years of inquiry, innovation and impact. The newly published report, In the Community, highlights our work’s advancements and illustrates directions in ongoing and future work in St. Louis, the United States and around the world. Founded in 1994, CSD continues to generate pathbreaking innovations in […]

Panel Examines Ways to Enable Convicted Felons Who Have Served Their Time to Rejoin Society

Enabling felons who have completed their sentences to return to productive lives was the theme of a Congressional Briefing conducted online on December 2. The briefing was hosted by the Congressional Research Institute for Social Work and Policy (CRISP) and the Center for Social Development. Moderated by Charles Lewis Jr. of CRISP, Undoing Racism by […]

As nation struggles, conference sets sights on equity and financial inclusion

From across a nation struggling through the COVID-19 pandemic and a generally difficult year, over 150 scholars and practitioners gathered virtually on September 21 for “FCAB Policies: Race and Inequality in the COVID-19 Era,” Part 1 of the two-part convening “Financial Capability and Asset Building: Achievements, Challenges, and Next Steps.” They gathered to set an […]

Sun Awarded Aron Doctoral Fellowship by NASW Foundation

Sicong (Summer) Sun, a PhD candidate at the Brown School, has been selected as the 2020-21 Jane B. Aron/Social Work HEALS Doctoral Fellow by the National Association of Social Workers Foundation.

Panel: Social Workers Can Make a Difference in a New Vision of Public Order

Four experts on policing told a congressional briefing on June 30 that the values and training of social workers can be useful tools in re-imagining the nation’s approach to public order and reducing racist violence of police. The online briefing, Black Lives Matter: Social Work and the Future of Policing, was sponsored by the Congressional […]

Zeng, Despard and Fox-Dichter receive award from National Endowment for Financial Education

In May, the National Endowment for Financial Education honored CSD Research Associate Yingying Zeng with an award for “Workplace Financial Counseling: Credit Outcomes Among Lower-Paid, Entry-Level Workers,” a paper she wrote with Mathieu Despard and Sophia Fox-Dichter. Zeng has been working on financial well-being issues since she came to the United States in 2015. As […]

New Book Charts Global Progress of Child Development Accounts

Nearly 30 years after the publication of Michael Sherraden’s seminal Assets and the Poor, Child Development Account (CDA) policies and programs are emerging across the globe. Now, a new book edited by Jin Huang, Li Zou and Sherraden showcases the global context of those advancements.

In Landmark Publication, Sherraden and Colleagues Laud Partnership between Washington University and Universities in China

In 2018, China celebrated its 30th anniversary of the re-establishment of social work in the country. Both that year and in 2019, Center for Social Development (CSD) Director Michael Sherraden provided keynote addresses for conferences at Peking University (PKU) in Beijing. Emphasizing the importance of longstanding partnerships between Washington University and China, Sherraden said they […]

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.”