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Recent News
‘Refund to Savings’ tax-time savings experiment has impact on household finances
As the 2014 tax season opens, the Refund to Savings initiative continues with adjustments designed to better understand consumer savings behavior and help more Americans build savings.
Child savings accounts promote positive social-emotional development, study finds
A college savings account in a child’s name not only gives parents hope for the future, it also results in improved social-emotional health for their children.
As student loan debt passes $1 trillion, seeing decline in return on investment
More than 160 people attended “Generation Debt: the Promise, Perils and Future of Student Loans” at the Federal Reserve Bank of St. Louis on Monday, Nov. 18. The conference was co-sponsored by the St. Louis Fed and the Center for Social Development in the Brown School at Washington University in St. Louis.
‘Building a lifetime of economic security’ in Florida, Alabama, Mississippi and Louisiana
As the financial roller coaster continues, those working to close the wealth gap and achieve economic security in the South are working more vigorously than ever.
New survey shows redeploying veterans to serve at home eases reintegration challenges
A new academic survey conducted by The Center for Social Development and national veterans nonprofit The Mission Continues points to community volunteerism as an effective tool for addressing veterans’ reintegration challenges.
Special double edition focuses on the productive engagement of older adults
In a special double edition of Ageing International published this year, CSD’s Nancy Morrow-Howell, PhD, and Ada C. Mui, PhD, of the Columbia University School of Social Work discuss the productive engagement of older adults.
Savings can work in developing countries if you ‘take the bank to the youth’
Low-income youth in developing countries will save their money in a formal account when given the right opportunity.
CSD and Peking U to collaborate on savings program for children with disabilities
The Center for Social Development at Washington University in St. Louis and long-time partner Peking University in Beijing have begun collaborating on a new endeavor: Savings accounts for children with disabilities in China.
Journal issue features groundbreaking work in field of international service
A special issue of the “Journal of Higher Education Outreach and Engagement” features a collection of studies breaking new ground in international service.
Brown School alum, McDonnell Academy scholar is benefiting children in Thailand
Brown School alumna Molly Wimonmat Srichamroen has created a first-of-its-kind children’s savings program in her native Thailand, using knowledge she gained at the Center for Social Development. Srichamroen was also a scholar in Washington University’s McDonnell International Scholars Academy.
Special journal issue emphasizes saving and educational success
A special issue of “Economics of Education Review” marks the first comprehensive set of studies that link assets and educational attainment. Research provides evidence that college savings should be included in policies for educational financing.
CSD initiative aims to fill gap in financial capability training
Financial capability is central to the success of individuals, families and communities, yet social workers and other human service professionals are often ill-equipped when addressing such issues with financially vulnerable clients.
With the right mortgage, homeownership builds wealth
The Great Recession, characterized by devastating mortgage defaults, has challenged the traditional belief that homeownership is a good investment. This is particularly true for those with low and moderate incomes.
New book addresses gap in financial capability
Financial issues impacting families are receiving renewed attention and interest by scholars, practitioners and students. Unfortunately, social workers and other human service workers often lack preparation, knowledge and skills to tackle increasingly complex financial problems facing their clients.
Savings experiment helps taxpayers make the most of their refunds
As taxpayers make the final push to file before the April 15 deadline, they often have visions of refund checks and plans to spend their windfall. But the question that more and more people are asking is, “How can I make the most of my refund?”
CSD again leading social innovation: New book on productive aging in Chinese
In the decades ahead, China will have a very large older population, with many older adults who are relatively healthy and interested in being actively engaged in their communities. Contributions of older adults will be necessary for social and economic development of families, communities and society.
Child finance meeting brings voices from around the world
Researchers and practitioners from around the globe met at the Brown School at Washington University in St. Louis this week to make strides toward increased financial awareness of children and youth.
‘Refund to Savings’ program largest-ever national savings experiment
The 2013 tax season has officially launched, and there is a 75-percent chance taxpayers will be eligible for a refund. What would it take to get them to save most, or all, of that money?
Interviews with mothers of young children shed light on college savings
When every dollar is spent on necessities like diapers, gasoline and utilities, saving for college may be the furthest thing from a new parent’s mind. Mothers participating in a research study, however, suggest that a college savings account with $1,000 makes them feel optimistic about their children’s postsecondary education.
Experts converge on Beijing to discuss lifelong asset building
The Center for Social Development at Washington University in St. Louis partnered with Peking University and Hong Kong Polytechnic University to host a conference on strategies and innovations for asset building. This conference, held at Peking University in mid-November, reviewed research on asset building initiatives, a growing interest throughout Asia.
CSD announces asset-building expert Michal Grinstein-Weiss as associate director
Grinstein-Weiss is a nationally and internationally recognized expert in the field of asset building whose research focuses on developing programs and policies to promote economic and social development of vulnerable groups.
CSD research for Department of Education will contribute to federal college savings policy
The U.S. Department of Education (DOE) recently launched the first large-scale test of college savings accounts when it incorporated a college savings and financial counseling component into GEAR UP (Gaining Early Awareness for Undergraduate Programs), its initiative to prepare youth for college.
Conference draws experts from across Asia to discuss and develop asset building strategies
The Conference on Lifelong Asset Building: Strategies and Innovations in Asia, taking place this weekend in Beijing, will harness the experiences and brainpower of leading scholars, policy makers, practitioners, corporate leaders and funders from around the world.
Consumer Financial Protection Bureau executive to speak on issues regarding the elderly
Gail Hillebrand of the Consumer Financial Protection Bureau will visit the George Warren Brown School of Social Work at 5:30 p.m. on Thursday, Oct. 25, as part of the Center for Social Development’s Financial Capability Lecture Series.
CSD represented in Nepal at YouthSave event
Representatives from the Center for Social Development at Washington University recently traveled halfway around the world to meet with colleagues from the YouthSave Consortium, and had the unique opportunity to talk with Nepalese youth and learn more about their savings experience.
A glimpse into the lives of Ghanaian youth
Do Ghanaian youth have money? How do they get it? What do they do with it? These are questions we are beginning to answer in YouthSave using data from a baseline survey of over 6,000 in-school youth.
Youth service key to social development in Africa
The Center for Social Development was a key sponsor of the Africa Conference on Volunteer Action for Peace and Development that was hosted at the United Nations Complex in Nairobi, Kenya on July 2-4, 2012.
A new approach to social welfare celebrates 21 years
Asset-building scholars, policymakers, and foundations gathered earlier this month in Washington, DC to celebrate the 21st anniversary of “Assets and the Poor: A New American Welfare Policy.”
Gift from Wells Fargo supports Financial Capability and Asset Building program and other important initiatives
The three-year project, led by Michael Sherraden, PhD, the Benjamin E. Youngdahl Professor of Social Development and the founding director of CSD, will study curricula for training in financial capability.
Why the rest of the world saves more: Saving and financial capability
Sheldon Garon, the world’s leading historian in “popular savings” initiatives such as postal savings, will speak and answer questions at Washington University on Thursday, April 26th from 3:00 to 4:30 pm.
Symposium on international research and innovation
The Center for Social Development at Washington University’s Brown School will host a Symposium on International Research and Innovation on April 17, 2012, to examine the process and experiences of building international research partnerships and highlight innovations in economic empowerment and financial inclusion in international settings.
Livable Lives research investigates local residents’ relationships to local public parks
Prior research would suggest that parks are an important element of a livable life. Evidence has connected physical activity, psychological restoration, and social health to proximity to parks and sites of recreation. This research, however, is primarily based on samples of university students and western European populations who are financially comfortable.
Work & Livable Lives Conference: former chief economist and economic policy adviser to Biden to keynote
Washington University in St. Louis will host the “Work & Livable Lives Conference” from Feb. 27-28 to address current employment-related challenges and how they limit the ability of U.S. households to lead secure and stable lives, raise children successfully, and contribute to the community.
Take your supervitamins with your social services: Developing financial capability
Jonathan Mintz, Commissioner of the New York City Department of Consumer Affairs, will deliver a lecture, “Developing Financial Capability in New York City,” on February 22 at the Brown School.
New reports on children’s savings and college success shape research agenda on assets and education
Today, the Center for Social Development at Washington University in St. Louis (CSD) and the New America Foundation released the first report of four in the series “Creating a Financial Stake in College.”
Impact of ‘Assets and the Poor’ continues to grow 20 years after its release
In Assets and the Poor, Michael Sherraden, PhD, the Benjamin E. Youngdahl Professor of Social Development at the Brown School at Washington University in St. Louis, writes that asset accumulation is structured and subsidized for many non-poor households, primarily via retirement accounts and home ownership.
At conference, Chinese, Americans share best practices on productive aging
Population aging is a major concern across the globe, and nowhere is the challenge more daunting than in China. Whereas the United States currently has an estimated 36 million seniors age 65 and older, China already has 208 million seniors (defined in that country as age 60 or older).
Volunteerism is powerful but undervalued, finds first State of the World’s Volunteerism Report
Today marks the ten year anniversary of the United Nations International Year of the Volunteer and the release of the United Nations Volunteers (UNV) program’s very first State of the World’s Volunteerism Report.
Go to church and kiss your Aunt Susan: Scholarship, civic vitality, and Livable Lives
The university-wide Livable Lives Initiative investigates what social conditions and policy supports can make life with a low or moderate income stable, secure, satisfying, and successful.
Context matters for youth saving: Early findings on institutional context in Colombia, Ghana, Kenya, and Nepal
Our Integrative Case Studies, conducted by research partners in the four YouthSave countries in collaboration with the Center for Social Development, aim to capture the contextual factors that will affect YouthSave outcomes and operations.
Five strategies to improve 529 College Savings Plans
State-sponsored college savings plans, often called 529 plans, offer tax incentives to facilitate saving for postsecondary education. Low- and moderate-income families are less likely to have college savings than higher-income families.
Learning agenda outlines innovative YouthSave research plans
Available evidence suggests that youth savings has the potential to improve the well-being of low-income and vulnerable youth, but globally, the number of youth savings programs is relatively small.
Program improves lives of disabled veterans
Post-9/11 disabled veterans furthered their education, improved employment prospects and continued to serve their community through participating in The Mission Continues’ Fellowship Program, finds a new study by the Center for Social Development at the Brown School at Washington University in St. Louis.
As China faces challenges of aging population, new book offers insights, innovations
As the global population ages, the concept of “productive aging” offers a new perspective on meeting the challenges of an aging society. In contrast to conventional views of aging, “productive aging” views older adults as participants in and contributors to social development, rather than passive recipients of services.
Conference on productive aging in China to be held at Peking University
In August, over 300 gerontology scholars from mainland China, the US, Japan, Taiwan, Hong Kong, and Singapore as well as governments officials and practitioners from the China National Committee on Aging and the Ministry of Civil Affairs will come together at Peking University to discuss strategies to address population aging.
Graying world population sparks need for policies and programs that support productive aging
Worldwide, people aged 60 and above will comprise 13.6 percent of the population by 2020, and 22.1 percent of the population by 2050. China is the most rapidly aging country with older adults making up 13 percent of their population.
International service and higher education: New research looks at how programs impact both student and community
International service in higher education takes many different forms, from internships and alternative spring breaks to study-abroad programs and credit-bearing international service-learning programs.
Kids with savings accounts in their name six times more likely to attend college
Evidence supporting the link between savings and college success is growing. Three studies out of the Center for Social Development at the Brown School at Washington University in St. Louis offer a connection between assets and college enrollment and completion.
Former Obama adviser Romer to keynote discussion on unemployment and underemployment April 12
Christina D. Romer, PhD, former chair of President Barack Obama’s Council of Economic Advisers, will deliver a keynote address to open a panel discussion on “The Continuing Unemployment Crisis: Causes, Cures, and Questions for Further Study” at 3 p.m. Tuesday, April 12, in the Bryan Cave Moot Courtroom of Anheuser-Busch Hall.
Giving children a financial stake in college
William Elliott, III, Assistant Professor at the School of Social Work at the University of Pittsburgh and a Faculty Associate at the Center for Social Development at Washington University’s Brown School, will present his research on children’s savings and educational outcomes at 1:00 pm, April 8, 2011, in Brown Lounge.
New measure of economic security shows what families need for stability
What does it take for a family in the US to not merely get by, but to have long-term economic security and ongoing opportunities? This was the question that inspired the creation of the Basic Economic Security Tables Index and accompanying Report.
Op-Ed: Investing in Oregon’s future: Toward more inclusive saving for college
Earnings in 529s grow free from federal income tax when used to pay for qualified educational costs. Many states, like Oregon, offer a tax deduction for families saving in the state 529 plan. Yet tax incentives provide more benefit to people with higher incomes.
Former Peace Corps leader to speak at international service and higher education symposium
The Center for Social Development and the Gephardt Institute for Public Service at Washington University in St. Louis and DukeEngage of Duke University will host a symposium on international service and higher education from March 30-April 1 at the Knight Center at Washington University.
CSD research assistant receives social change grant for innovative asset-building and mentorship initiative
David Githinji, an MSW student at the Brown School and a Research Assistant at the School’s Center for Social Development, has been awarded a $5,000 Social Change Grant by the Richard A. Gephardt Institute for Public Service at Washington University in St. Louis.
Economist Christina Romer to speak at Washington University
The first public event of Washington University’s Livable Lives Initiative will highlight policy responses to employment and unemployment. Christina Romer, Former Chair of President Obama’s Council of Economic Advisors, will be the keynote speaker.
‘Striving to Save’ still garnering positive reviews nearly a year after its publication
Striving to Save: Creating Policies for Financial Security of Low-Income Families was published in February, 2010 to acclaim from economist Stuart Rutherford, Assistant Secretary at the US Department of Treasury Michael Barr, and Director of Brandeis’s Institute on Assets Thomas Shapiro.
Brown School alumna active in American Dream Demonstration research wins prestigious award
The Center for Social Development congratulates Michal Grinstein-Weiss on her receipt of the Deborah K. Padgett Early Career Achievement Award from the Society for Social Work and Research.
Timeless honor for Michael Sherraden
University City Council member L. Michael Glickert presented Michael Sherraden, PhD, the Benjamin E. Youngdahl Professor of Social Development at Washington University in St. Louis, with a proclamation during a city council meeting Oct. 18.
Peace Corps at 50: Connections can benefit both volunteer and community
CSD at the forefront of research looking at the impact of international service on host countries.
Innovations on forefront of Center for Social Development’s research on international volunteer service as Peace Corps Marks 50th anniversary
Although 50 years have passed since the founding of the Peace Corps and international service is currently growing worldwide, little rigorous research has been conducted on its impacts.
New report to detail findings of study of Child Development Accounts
San Francisco Treasurer Jose Cisneros and Michael Sherraden, director of the Center for Social Development at Washington University in St. Louis, spoke at a media and policy briefing at the National Press Club on Sept. 21
Do helping hands forge lasting ties?
An American volunteer who builds a school in Haiti today may help create global goodwill for tomorrow, according to a study by Washington University in St. Louis researchers.
United Nations award recognizes innovative IDA program in South Korea
CSD congratulates its research partner, Seoul Welfare Foundation, for winning the 2010 United Nations Public Service Award in the category of “Improving the delivery of public services” for its leadership of the Seoul Hope-Plus Savings Accounts project.
Center for Social Development and Brookings Institution host international volunteer forum in D.C.
Experts on volunteerism will come together for the International Volunteer Service Research and Policy Forum Wednesday, June 23, at the Brookings Institution in Washington, D.C.
Research on college savings fuels interest in Child Development Accounts in San Francisco
In an article on the front page of the May 28, 2010 San Francisco Chronicle, San Francisco city officials point to a CSD study on savings and college enrollment as they prepare to launch a city-funded college savings account program this fall.
CSD to be part of landmark study on youth savings as development tool
The MasterCard Foundation calls the five-year YouthSave project,“a landmark, global research initiative that will test how to sustainably deliver savings services to low-income youth in the developing world.”
CSD’s Michael Sherraden named to TIME Magazine’s TIME 100
TIME Magazine has named Michael Sherraden, PhD, the Benjamin E. Youngdahl Professor of Social Development at Washington University in St. Louis, to the 2010 TIME 100, the magazine’s annual list of the 100 most influential people in the world.
Savings accounts in child’s name provide lifelong benefits
Child Development Accounts are savings accounts that begin as early as birth. CDAs allow parents and children to accumulate savings for post-secondary education, homeownership or business initiatives.
Michael Sherraden inducted into new American Academy of Social Work and Social Welfare
Michael Sherraden, the Benjamin E. Youngdahl Professor of Social Development at Washington University in St. Louis and founder and director of CSD, was recently inducted as a fellow in the new American Academy of Social Work and Social Welfare.
Forum to explore potential of Youth Savings Accounts
The forum will be held on May 6, 12:30-6:00 PM (ET) at the New America Foundation in Washington, DC, and will be accessible to all via a live webcast.
Webinar highlights CSD’s research on assets and education
CSD conducted a webinar on assets and education on February 17th hosted by the Asset Funders Network.
Sample state legislation promotes more inclusive 529s
States use a variety of 529 policy strategies to make it easier for low-and moderate-income families to save for college.
Presentations in Asia underscore international interest in assets and social policy
CSD director Michael Sherraden and Margaret Sherraden, CSD research professor, were in high demand when they spent the fall semester of 2009 in Asia.
Next Progressive Era offers insights and ideas to move America forward
Please join us on Wednesday, January 27, at noon in Brown Lounge to hear Phillip Longman and Ray Boshara, authors of The Next Progressive Era, offer historical insights as well as bold, fresh—and achievable—ideas to move America forward at this transformative moment in our history.
China’s rapidly aging population is part of worldwide trend
“While a common tendency is to focus on the burdens an aging population will place on a country’s economic and social welfare, an aging society represents an opportunity, not just a crisis,” says Nancy Morrow-Howell, Ph.D., productive aging expert and professor at the Brown School at Washington University.
Asset building and civic engagement and service bibliographies now available
Comprehensive bibliographies on asset building and civic engagement and service now available on CSD’s web site offer convenient, web-based access to over 3,000 citations, many with abstracts and links to full text.
CSD co-sponsors productive aging conference
In August 2009, international gerontology scholars gathered in China to address the challenge of initiating research and policy innovations that will support older adults in being actively engaged and harness their contributions for the betterment of families, communities, and society.
Livable Lives Initiative invites proposals from Washington University faculty
The Livable Lives Initiative started at the Brown School, with the vision of developing a mulit-disciplinary, University-wide project.
Generations United recognizes Experience Corps research with award
At a ceremony on July 30, Generations United will award the 2009 Brabazon Award for Evaluation Research to Stacey McCrary, Project Manager at CSD and Nancy Morrow-Howell, Ralph and Muriel Pumphrey Professor of Social Work at the Brown School, and Faculty Associate at CSD.
CSD to collaborate on plan to broaden reach of Youth Savings Accounts
The availability of savings products for young people, especially in the developing world, remains extremely limited despite demand for safe and regulated institutions, a large potential market, and growing evidence about the potential of savings to benefit youth.
CSD’s research on Experience Corps featured in Washington Post
In his popular education column in the Washington Post, “Class Struggle,” Jay Mathews praises CSD’s research on Experience Corps for its rigorous approach and use of a randomized selection process.
Brown School doctoral students draw on CSD research in testimony on Serve America Act
Jennifer C. Greenfield, MSW, and Ernest Gonzales, MSW, doctoral students at Washington University’s Brown School, recently offered testimony on the implementation and assessment of the Edward M. Kennedy Serve America Act.
CSD launches new College Savings Initiative
Through the College Savings Initative, CSD and the New America Foundation will examine innovative ways to create more inclusive 529 college savings plans.
Members of Seoul Welfare Foundation learn about local innovations in social welfare policy
The research project will focus on the impacts of one of the Foundation’s major social programs, a matched savings program called the Hope Plus Savings Account Program, which is modeled on Individual Development Accounts in the United States.
Master of Public Health program offers four new full-tuition scholarships
The new Master of Public Health program at Washington University’s Brown School is offering four, new full-tuition, merit-based scholarships to support students interested in improving community health locally, nationally and internationally.
Michael Sherraden speaks at the United Nations on Social Work Day
On April 6, 2009, Michael Sherraden, Benjamin E. Youngdahl Professor of Social Development and Director of the Center for Social Development, presented the wrap-up speech at the 26th Annual Social Work Day at the United Nations.
Lecture sheds light on innovative matched savings program in Korea
A visit from members of the Seoul Welfare Foundation in early May will mark the official launch of a research collaboration between the Foundation and the Center for Social Development.
Tutoring produces big gains in student learning
Rigorous new research from Washington University’s Brown School shows significant gains from a national service program that trains experienced Americans to help low-income children one-on-one in urban public schools.
Child Development Accounts and CSD research featured by the Federal Reserve Bank of St. Louis
The Federal Reserve Bank of St. Louis devoted a feature article in the spring issue of its publication, Bridges, to Child Development Accounts, an innovative tool for making long-term investments in children.
Studies show that students aren’t the only ones who benefit from school-based tutoring
Tutors over 55 who help young students on a regular basis experience positive physical and mental health outcomes, according to studies released by researchers at Washington University in St. Louis and Johns Hopkins University School of Medicine.
Project uses Web to match funds for first-time savers in developing countries
The World Council of Credit Unions recently launched an innovative online campaign that collects contributions from individuals in the developed world to benefit first-time savers in developing countries.
Findings suggest potential of matched savings program in Peru
A report, conducted by researchers at the Instituto de Estudios Peruanos, investigates a matched savings program in Peru targeted at rural women, the Puno-Cusco Corridor Development Project.
CSD publishes new data on child savings
The Center for Social Development announces the publication of the March 2009 SEED Account Monitoring research report.
CSD featured in Boston Globe’s article on children’s savings accounts
Subtitled “The movement to give every American a trust fund at birth,” the article summarizes the case for a universal children’s savings account.
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