United Way of Greater St. Louis and Emerson are creating an Individual Development Account program for families in north St. Louis County, United Way announced June 28. The program is part of an effort to improve the financial stability of low-income families in the St. Louis region.
An experimental Individual Development Account had no effect on whether participants opened a retirement account or on the adequacy of their retirement savings, according to a newly published article in the Journal of Gerontological Social Work.
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.”
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.
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.
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.
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
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.
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.
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.