Huang, J., Nam, Y., Sherraden, M., & Clancy, M. M. (2019). Impacts of child development accounts on parenting practices: evidence from a randomised statewide experiment. Asia Pacific Journal of Social Work and Development, 29(1), 34–47. doi:10.1080/02185385.2019.1575270
Exploring a Model for Integrating Child Development Accounts With Social Services for Vulnerable Families
Huang, J., Beverly, S. G., Kim, Y., Clancy, M. M., & Sherraden, M. (2019). Exploring a model for integrating Child Development Accounts with social services for vulnerable families. Journal of Consumer Affairs, 53(3), 770–795. https://doi.org/10.1111/joca.12239
Child Development Accounts
Child Development Accounts (CDAs) are savings or investment accounts that begin as early as birth. In many cases, public and private matching funds are deposited into these accounts to supplement savings for the child. The goal of CDAs is to promote savings and asset building for lifelong development. Thus, CDAs may be targeted to post-secondary […]
Forum focuses on expanding access to 529 college savings plans
More than 65 invited guests from 18 states and the District of Columbia attended a lively Child Development Account Forum in late July at the Brown School of Social Work. CSD and Missouri State Treasurer Eric Schmitt, who oversees Missouri’s 529 college savings plan, hosted the event.
International Child Development Accounts
Sherraden, M., Cheng, L.-C., Ssewamala, F., Kim, Y., Loke, V., Zou, L., … Han, C.-K. (2018, July 30). International Child Development Accounts. In C. Franklin et al. (Eds.), Encyclopedia of Social Work. doi:10.1093/acrefore/9780199975839.013.1261
Pennsylvania adopts universal Child Development Account policy
With bipartisan support, Pennsylvania is launching a statewide policy to provide college savings accounts for all newborns with a $100 scholarship grant. The universal, automatic-enrollment Child Development Account policy will affect many families: Pennsylvania averages 140,000 births a year.
Universal and Progressive Child Development Accounts: A Policy Innovation to Reduce Educational Disparity
Sherraden, M., Clancy, M., Nam, Y., Huang, J., Kim, Y., Beverly, S. G., … Purnell, J. Q. (2018). Universal and progressive Child Development Accounts: A policy innovation to reduce educational disparity. Urban Education, 53(6), 806-833. doi:10.1177/0042085916682573
How Do Changes to 529 Rules Affect Children’s Savings Account Programs?
Clancy, M. M., Markoff, S., & King, J. (2018, May). How do changes to 529 rules affect children’s savings account programs? (CSD Research Brief No. 18-24). Washington, DC: Prosperity Now, Washington University, Center for Social Development, and New America.
On the agenda: How to advance Child Development Accounts
About 50 researchers, practitioners, policymakers and funders met this month in Washington, D.C., to discuss how to advance the field of Child Development Account programs by making them sustainable and scaleable to reach millions.
Grinstein-Weiss named Shanti K. Khinduka Distinguished Professor
Michal Grinstein-Weiss, PhD, was installed as the Shanti K. Khinduka Distinguished Professor on April 2 before an audience of colleagues, collaborators, supporters and family members, including many from her native Israel.
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. (2018, March 28). Asset building: Toward inclusive policy. In C. Franklin (Ed.), Encyclopedia of social work. https://doi.org/10.1093/acrefore/9780199975839.013.25
How Can States Seize the Moment and Reform College Savings?
King, J., & Clancy, M. M. (2018, March 22). How can states seize the moment and reform college savings? New America Weekly, edition 199.
Ten essentials for taking Child Development Accounts to scale
A new CSD brief aims to advance Child Development Account policy by identifying 10 elements for universal and progressive CDAs at scale.
Program Knowledge and Racial Disparities in Savings Outcomes in a Child Development Account Experiment
Nam, Y., Hole, E., Sherraden, M., & Clancy, M. M. (2018). Program knowledge and racial disparities in savings outcomes in a Child Development Account experiment. Journal of Family and Economic Issues, 39(1), 145–162. doi:10.1007/s10834-017-9544-5
Taking Child Development Accounts to Scale: Ten Key Policy Design Elements
Sherraden, M., Clancy, M., & Beverly, S. (2018, February). Taking Child Development Accounts to scale: Ten key policy design elements (CSD Policy Brief No. 18-08). St. Louis, MO: Washington University, Center for Social Development.
Child Development Accounts and Saving for College: Mediated by Parental Educational Expectations?
Kim, Y., Huang, J., Sherraden, M., & Clancy, M. (2018). Child Development Accounts and saving for college: Mediated by parental educational expectations? Social Science Quarterly, 99(3), 1105–1118. doi:10.1111/ssqu.12479
529 Plan Investment Growth and a Quasi-Default Investment for Child Development Accounts
Clancy, M. M., & Beverly, S. G. (2017, November). 529 plan investment growth and a quasi-default investment for Child Development Accounts (CSD Policy Brief No. 17-42). St. Louis, MO: Washington University, Center for Social Development.
Report explores statewide Child Development Account policies
Four states have created statewide Child Development Account policies, and a new report describes them in detail with the intent of informing new initiatives in the United States.
Statewide Child Development Account Policies: Key Design Elements
Clancy, M. M., & Beverly, S. G. (2017). Statewide Child Development Account policies: Key design elements (CSD Policy Report No. 17-30). St. Louis, MO: Washington University, Center for Social Development. https://doi.org/10.7936/K7G44PS2
CSD research informs California’s new college savings grant program
The ScholarShare Investment Board, which oversees California’s 529 college savings plan, will administer the program. Margaret Clancy, policy director at the Center for Social Development, serves on ScholarShare’s Matching Grant Program Advisory Committee.
Missouri treasurer and staff speak at Child Development Account Forum
Newly elected Missouri State Treasurer Eric Schmitt kicked off the June 20 Child Development Account Forum by saying his office is “very focused” on the Missouri MOST 529 College Savings Plan.
Child Development Accounts, Parental Savings, and Parental Educational Expectations: A Path Model
Kim, Y., Huang, J., Sherraden, M., & Clancy, M. (2017). Child Development Accounts, parental savings, and parental educational expectations: A path model. Children and Youth Services Review, 79, 20–28. doi:10.1016/j.childyouth.2017.05.021
Update: Financial Capability Month
Financial Capability and Asset Building for All is one of the 12 Grand Challenges for Social Work and a growing practice in the social work profession. The Center for Social Development is committed to working with its partners to increase the financial capability of individuals, families, and communities across the globe!
Asset Limits for Means-Tested Public Assistance: Considerations for Child Development Account Proponents
Beverly, S. G., & Clancy, M. M. (2017, April). Asset limits for means-tested public assistance: Considerations for Child Development Account proponents (CSD Policy Brief No. 17-24). St. Louis, MO: Washington University, Center for Social Development. https://doi.org/10.7936/K72R3R5X
Start Lifelong Asset Building With Universal and Progressive Child Development Accounts
Huang, J., Sherraden, M. S., Clancy, M. M., Sherraden, M., & Shanks, T. R. (2017, March). Start lifelong asset building with universal and progressive Child Development Accounts (Policy Action No. 11.1). Cleveland, OH: American Academy of Social Work & Social Welfare, Grand Challenges for Social Work initiative.
Brief: Parents’ assets do not harm aid for most low-income students
Parents’ savings and assets are unlikely to jeopardize federal or state need-based aid for low- and moderate-income dependent college students, according to a new policy brief from the Center for Social Development.
Do Savings and Assets Reduce Need-Based Aid for Dependent Students?
Clancy, M., & Beverly, S. (2017, February). Do savings and assets reduce need-based aid for dependent students? (CSD Policy Brief No. 17-10). St. Louis, MO: Washington University, Center for Social Development. https://doi.org/10.7936/K7KW5FJX
Unmarried Mothers and Children’s Social-Emotional Development: The Role of Child Development Accounts
Huang, J., Kim, Y., Sherraden, M., & Clancy, M. M. (2017). Unmarried mothers and children’s social-emotional development: The role of Child Development Accounts. Journal of Child and Family Studies, 26(1), 234–247. doi:10.1007/s10826-016-0551-1
Grinstein-Weiss discusses new CDA program with Israeli media
Michal Grinstein-Weiss, associate director of the Center for Social Development, spent part of December with Israel’s leading media providing insight on the country’s new law creating Child Development Accounts, the Savings for Every Child law.
CSD research informs New York City’s new child savings accounts
The mayor of New York has announced a new child savings account to help thousands of New York City public school children save for college. City officials relied on research from the Center for Social Development to develop the three-year pilot program, which starts next fall.
Special issue focuses on financial capability, asset building
“Financial capability and asset building” is the theme of the 60th anniversary issue of Social Work. Articles by several researchers at the Center for Social Development were published in the October 2016 issue of the flagship journal of the National Association of Social Workers.
Asset Building: Toward Inclusive Policy
Sherraden, M., Johnson, L., Clancy, M., Beverly, S. G., Sherraden, M., Schreiner, M., … Han, C.-K. (2016). Asset building: Toward inclusive policy (CSD Working Paper No. 16-49). St. Louis, MO: Washington University, Center for Social Development.
Brown School scholars discuss lifelong asset building
Social Security provides an important base of income, and without it about 50 percent of America’s elderly would live in poverty, said David Certner, legislative counsel and legislative policy director for government affairs at AARP.
Policy Recommendations for Meeting the Grand Challenge to Build Financial Capability and Assets for All
Huang, J., Sherraden, M. S., Clancy, M. M., Sherraden, M., Birkenmaier, J., Despard, M. R., … Rothwell, D. (2016, September). Policy recommendations for meeting the Grand Challenge to Build Financial Capability and Assets for All (Grand Challenges for Social Work Initiative Policy Brief No. 11). Cleveland, OH: American Academy of Social Work & Social Welfare. https://doi.org/10.7936/K7057FG8
Improved Financial Capability Can Reduce Material Hardship Among Mothers
Huang, J., Nam, Y., Sherraden, M., & Clancy, M. M. (2016). Improved financial capability can reduce material hardship among mothers. Social Work, 61(4), 313–320. doi:10.1093/sw/sww052
CSD receives College Kids Ambassador Award
On August 18, the Center for Social Development received the College Kids Ambassador Award from the St. Louis Treasurer’s Office of Financial Empowerment.
CSD, MO treasurer host ‘Child Development Account Forum’
More than 60 people from 10 states and the District of Columbia participated in the “Child Development Account Forum” on August 16 at the Brown School.
CSD leaders chart best practices for Israel’s new CDAs
Building on a longtime working history, leadership from the Center for Social Development formally advised the Israeli government in May on best practices for implementing the country’s new law to confer universal savings accounts on children born in Israel. The law takes effect in January 2017.
Financial Outcomes in SEED for Oklahoma Kids
Clancy, M. M., Beverly, S. G., & Sherraden, M. (2016, June). Financial outcomes in SEED for Oklahoma Kids (CSD Fact Sheet No. 16-23). St. Louis, MO: Washington University, Center for Social Development.
A Savings Account for Every Child Born in Israel: Recommendations for Program Implementation
Grinstein-Weiss, M., Covington, M., Clancy, M. M., & Sherraden, M. (2016, April). A savings account for every child born in Israel: Recommendations for program implementation (CSD Policy Brief No. 16-11). St. Louis, MO: Washington University, Center for Social Development.
Research Summary: Universal Accounts at Birth: Results From SEED for Oklahoma Kids
Beverly, S. G., Clancy, M. M., & Sherraden, M. (2016, March). Universal accounts at birth: Results from SEED for Oklahoma Kids (CSD Research Summary No. 16-07). St. Louis, MO: Washington University, Center for Social Development.
Testing Universal Child Development Accounts: Financial Impacts in a Large Social Experiment
Clancy, M. M., Beverly, S. G., Sherraden, M., & Huang, J. (2016). Testing universal Child Development Accounts: Financial impacts in a large social experiment (CSD Working Paper No. 16-08). St. Louis, MO: Washington University, Center for Social Development.
With decreased costs, families get more from MOST 529 college savings plan
Families’ costs have decreased for Missouri’s MOST 529 college savings plan, and now there is no minimum deposit required to open an account.
‘Acorn Fund’ to seed college accounts for Salem City, N.J., students
Every student in public, private and home schools in Salem City, N.J., will have access to a seed deposit in a 529 college savings account starting in April, officials announced.
Brown School, CSD play large role in launch of Grand Challenges
An ambitious call to action on pressing social problems in America was issued January 14 at the Society for Social Work and Research annual conference in Washington, D.C.
How Israel implements child accounts will be crucial
Michal Grinstein-Weiss, associate director of the Center for Social Development, spent part of December traveling in Israel on an important mission: to spread the word about how Israel can best implement its new law to provide universal child savings accounts known in the United States as Child Development Accounts, to all newborns.
St. Louis treasurer officially launches college savings for kindergarteners
Every kindergartner enrolled this year in St. Louis City public and charter schools is receiving a college savings account, Treasurer Tishaura O. Jones said at the official launch of the College Kids program.
Universal Accounts at Birth: Building Knowledge to Inform Policy
Sherraden, M., Clancy, M., Nam, Y., Huang, J., Kim, Y., Beverly, S. G., … Purnell, J. Q. (2015). Universal accounts at birth: Building knowledge to inform policy. Journal of the Society for Social Work and Research, 6(4), 541–564. doi:10.1086/684139
Financial Capability and Asset Building for All
Sherraden, M. S., Huang, J., Frey, J. J., Birkenmaier, J., Callahan, C., Clancy, M. M., & Sherraden, M. (2015). Financial capability and asset building for all (Grand Challenges for Social Work Initiative Working Paper No. 13). Cleveland, OH: American Academy of Social Work and Social Welfare.
The SEED for Oklahoma Kids Child Development Account Experiment: Accounts, Assets, Earnings, and Savings
Beverly, S. G., Clancy, M. M., Huang, J., & Sherraden, M. (2015, October). The SEED for Oklahoma Kids Child Development Account experiment: Accounts, assets, earnings, and savings (CSD Research Brief No. 15-29). St. Louis, MO: Washington University, Center for Social Development.