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.
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.
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.
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.
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.
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.
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.”
April 17, 2012, St. Louis, Missouri
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
CSD conducted a webinar on assets and education on February 17th hosted by the Asset Funders Network.
States use a variety of 529 policy strategies to make it easier for low-and moderate-income families to save for college.
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.
Through the College Savings Initative, CSD and the New America Foundation will examine innovative ways to create more inclusive 529 college savings plans.
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.
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.
The Center for Social Development announces the publication of the March 2009 SEED Account Monitoring research report.
Subtitled “The movement to give every American a trust fund at birth,” the article summarizes the case for a universal children’s savings account.