Huang, J., Sherraden, M., & Sherraden, M. S. (2021). We have clean water and clean air: Why not clean finance, too? A vision for inclusion and equity. In R. Boshara & I. Rademacher (Eds.), The future of building wealth: Brief essays on the best ideas to build wealth—for everyone (pp. 83–89). Federal Reserve Bank and Aspen Institute. https://futureofwealth.org/wp-content/uploads/2021/09/Sec-2.pdf
Tag: Financial Inclusion
Human Service Professionals: A Ready Workforce for Financial Capability
Sherraden, M. S., Huang, J., & Jones, J. L. (2021). Human service professionals: A ready workforce for financial capability. In R. Boshara & I. Rademacher (Eds.), The future of building wealth: Brief essays on the best ideas to build wealth—for everyone (pp. 193–199). Federal Reserve Bank of St. Louis & Aspen Institute. https://futureofwealth.org/wp-content/uploads/2021/09/Sec-3.pdf
Transforming 529 College Savings Plans: Grow Assets for Everyone, Grow the Country
Sherraden, M., & Clancy, M. M. (2021). Transforming 529 college savings plans: grow assets for everyone, grow the country. In R. Boshara & I. Rademacher (Eds.), The future of building wealth: Brief essays on the best ideas to build wealth—for everyone (pp. 251–257). Federal Reserve Bank of St. Louis & Aspen Institute. https://futureofwealth.org/wp-content/uploads/2021/09/Sec-5.pdf
A Policy Mapping Analysis of Goals Related to Bank Accounts in Federal Legislative Proposals
Birkenmaier, J. M. & Janssen, A. (2021). A policy mapping analysis of goals related to bank accounts in federal legislative proposals. Journal of Policy Practice and Research, 3, 96–117. https://doi.org/10.1007/s42972-021-00037-y
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 […]
The Case for a Nationwide Child Development Account Policy: A Policy Brief Developed by CDA Experts and Researchers
Cisneros, J., Clancy, M. M., Elliott, W., III, Feinstein, A., Kanter, M., Karcher-Ramos, M., Kugler, C., Peachey, J., Quint, C., Shapiro, T. M., & Sherraden, M. (2021, August). The case for a nationwide Child Development Account policy: A policy brief developed by CDA experts and researchers (CSD Policy Brief No. 21-20). Washington University, Center for Social Development.
Redesigning College Savings (529) Plans to Achieve Inclusive Child Development Accounts: A Policy Brief Developed by CDA Experts and Researchers
Cisneros, J., Clancy, M. M., Elliott, W., III, Feinstein, A., Kanter, M., Karcher-Ramos, M., Kugler, C., Peachey, J., Quint, C., Shapiro, T. M., & Sherraden, M. (2021, August). Redesigning college savings (529) plans to achieve inclusive Child Development Accounts: A policy brief developed by CDA experts and researchers (CSD Policy Brief No. 21-21). Washington University, Center for Social Development.
Brief Report: Health Expenditures for Children with Autism and Family Financial Well-Being in China
Zhou, L., Wang, J., & Huang, J. (2021). Brief report: Health expenditures for children with autism and family financial well-being in China. Journal of Autism and Developmental Disorders. https://doi.org/10.1007/s10803-021-05214-2
Reflections of a Central Bank Governor
Addison, E. (2021, July). Reflections of a central bank governor (CSD Perspective No. 21-18). Washington University, Center for Social Development.
FCAB Africa: Advancing Financial Stability, Security, and Well-Being
Center for Social Development. (2021, July). FCAB Africa: Advancing financial stability, security, and well-being (CSD Fact Sheet No. 21-12). Washington University, Center for Social Development. https://doi.org/10.7936/gmwt-0238
FCAB Africa: Summary of Achievements as of July 2021
Center for Social Development. (2021, July). FCAB Africa: Summary of achievements as of July 2021 (CSD Fact Sheet No. 21-13). Washington University, Center for Social Development. https://doi.org/10.7936/j5rd-tr36
Asset Building and Child Development: A Policy Model for Inclusive Child Development Accounts
Huang, J., Sherraden, M., Clancy, M. M., Beverly, S. G., Shanks, T. R., & Kim, Y. (2021). Asset building and child development: A policy model for inclusive Child Development Accounts. RSF: The Russell Sage Foundation Journal of the Social Sciences, 7(3), 176–195. https://doi.org/10.7758/RSF.2021.7.3.08
Lessons on Policies That Strengthen Household Financial Resilience to Overcome Shocks: A Keynote Address by Dr. Mahamudu Bawumia, Vice President of the Republic of Ghana
Bawumia, M. (2021, July). Lessons on policies that strengthen household financial resilience to overcome shocks: A keynote address by Dr. Mahamudu Bawumia, Vice President of the Republic of Ghana (CSD Perspective No. 21-17). Washington University, Center for Social Development.
Teaching Note—Course Models for Increased Competency for Practice Integrated With Financial Capability and Asset Building
Birkenmaier, J., Lane, L. B. Callahan, C.,, & Hageman, S. A. (2021). Teaching note—Course models for increased competency for practice integrated with financial capability and asset building. Journal of Social Work Education, 57(3), 604–611. https://doi.org/10.1080/10437797.2020.1714522
Experimental Effects of Child Development Accounts on Financial Capability of Young Mothers
Huang, J., Sherraden, M. S., Sherraden, M., & Johnson, L. (2021). Experimental effects of Child Development Accounts on financial capability of young mothers. Journal of Family & Economic Issues, 43,36–50. https://doi.org/10.1007/s10834-021-09774-4
Financial Capability and Asset Building: Achievements, Challenges, and Next Steps
Johnson, L., Sherraden, M. S., McClendon, G., Birkenmaier, J., Frey, J., Callahan, C., Huang, J., & Rothwell, D. (2021). Financial Capability and Asset Building: Achievements, challenges, and next steps (CSD Conference Report No. 21-11). Washington University, Center for Social Development. https://doi.org/10.7936/vnr6-ys64
Building Financial Capability and Assets for Disadvantaged Entrepreneurs
Huang, J., & Guo, B. (2021, April). Building financial capability and assets for disadvantaged entrepreneurs (CSD Research Brief No. 21-10). Washington University, Center for Social Development. https://doi.org/10.7936/8nyn-h137
Fostering Entrepreneurship among Low-Income Individuals through Financial Capability
Huang, J., & Guo, B. (2021). Fostering entrepreneurship among low-income individuals through financial capability (CSD Working Paper No. 21-08, submitted for publication). Washington University, Center for Social Development.
New research: Child Development Accounts generate assets, positive outlook, and parental investments
New research from the Center for Social Development (CSD) shows that parents of newborns with Child Development Accounts (CDAs) respond by deepening their commitment to the child’s higher education and their own efforts to save for that education. The findings come from two newly released publications: a research summary of account and savings data from […]
Financial Outcomes in a Child Development Account Experiment: Full Inclusion, Success Regardless of Race or Income, and Investment Growth for All
Clancy, M. M., Beverly, S. G., Schreiner, M., Huang, J., & Sherraden, M. (2021). Financial outcomes in a Child Development Account experiment: Full inclusion, success regardless of race or income, investment growth for all (CSD Research Summary 21-06). St. Louis, MO: Washington University, Center for Social Development. https://doi.org/10.7936/fnjg-n539
A Long-Term Experiment on Child Development Accounts: Update and Impacts of SEED for Oklahoma Kids
Huang, J., Beverly, S. G., Clancy, M. M., Schreiner, M., & Sherraden, M. (2021). A long-term experiment on Child Development Accounts: Update and impacts of SEED for Oklahoma Kids (CSD Research Report No. 21-07).
Washington University, Center for Social Development. https://doi.org/10.7936/e8mf-p262
Addressing the Burden of Education Financing in Low and Lower-Middle-Income Countries: The Role of Savings Accounts, Cash Transfers, and Other Income Sources
Ansong, D., Okumu, M., Otchere, F., Koomson, I., & Sherraden, M. (2021). Addressing the burden of education financing in low and lower middle income countries: The role of savings accounts, cash transfers, and other income sources. Journal of Family and Economic Issues, 42(4), 745–756. https://doi.org/10.1007/s10834-021-09757-5
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 […]
MI-SEED Investment Funds and Account Growth: Implications for Achieving Higher Rates of Return in CDA Programs
Shanks, T. R., & Meehan, P. (2021, February). MI-SEED investment funds and account growth: Implications for achieving higher rates of return in CDA programs (Research Brief No. 21-05). Washington University, Center for Social Development, and University of Michigan, Center for Equitable Family and Community Well-Being. https://doi.org/10.7936/50MK-H281
Toward Finance as a Public Good
Huang, J., Sherraden, M. S., & Sherraden, M. (2021). Toward finance as a public good (CSD Working Paper No. 21-03). Washington University, Center for Social Development. https://doi.org/10.7936/p8dd-p256
Financial Capability and Asset Building in Social and Economic Development: Advancing the Sustainable Development Goals
Ansong, D., Okumu, M., Huang, J., Sherraden, M. S., Johnson, L., & Zou, L. (2020, November). Financial capability and asset building in social and economic development: Advancing the Sustainable Development Goals (CSD Perspective No. 20-27). St. Louis, MO: Washington University, Center for Social Development. https://doi.org/10.7936/vh44-x812
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 […]
An Evaluation of a School-Based Savings Program and Its Effect on Sexual Risk Behaviors and Victimization Among Young Ghanaians
Masa, R., Chowa, G., & Sherraden, M. (2020). An evaluation of a school-based savings program and its effect on sexual risk behaviors and victimization among young Ghanaians. Youth & Society, 52(7), 1083–1106. https://doi.org/10.1177/0044118X18824730
A Framework for Explaining Black–White Inequality in Homeownership Sustainability
Ren, C. (2020). A framework for explaining Black–White inequality in homeownership sustainability (CSD Working Paper No. 20-07). St. Louis, MO: Washington University, Center for Social Development. https://doi.org/10.7936/zryf-5d75
Preparing Social Work Faculty to Teach Financial Capability: Where We Stand
Huang, J., Sherraden, M. S., Johnson, L., Birkenmaier, J., Loke, V., & Hageman, S. (2020). Preparing social work faculty to teach financial capability: Where we stand. Journal of Social Work Education, 57(), 688–706. https://doi.org/10.1080/10437797.2020.1714524
Child Development Accounts: A Policy Design and Opportunity for Azerbaijan
Huseynli, A., Sherraden, M., & Gottlieb, D. (2020, January). Child Development Accounts: A policy design and opportunity for Azerbaijan (CSD Policy Brief No. 20-02). St. Louis, MO: Washington University, Center for Social Development. https://doi.org/10.7936/bnqw-qn41
The Financial Capability and Financial Well-Being of Low-Income Entrepreneurs
Huang, J., & Guo, B. (2020, January). The financial capability and financial well-being of low-income entrepreneurs (CSD Research Brief No. 20-01). St. Louis, MO: Washington University, Center for Social Development. https://doi.org/10.7936/fmxv-kv62
Financial Social Work
Sherraden, M. S., & Huang, J. (2019). Financial social work. In C. Franklin et al. (Eds.), Encyclopedia of Social Work. doi:10.1093/acrefore/9780199975839.013.923
Financial Capability and Economic Security Among Low-Income Older Asian Immigrants: Lessons from Qualitative Interviews
Nam, Y., Sherraden, M. S., Huang, J., Lee, E. J., & Keovisai, M. (2019). Financial capability and economic security among low-income older Asian immigrants: Lessons from qualitative interviews. Social Work, 64(3), 224–232. https://doi.org/10.1093/sw/swz015
Financial Inclusion and Financial Access
Birkenmaier, J., Despard, M., Friedline, T., & Huang, J. (2019, February). Financial inclusion and financial access. In C. Franklin et al. (Eds.), Encyclopedia of Social Work. doi:10.1093/acrefore/9780199975839.013.1331
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.
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.
New FCAB book coming in February
A new book about financial capability and asset building will be released next month. The 144-page book — “Financial Capability and Asset Building with Diverse Populations: Improving Financial Well-being in Families and Communities” — is aimed at policymakers, researchers and practitioners who assist financially vulnerable people.
Michael Sherraden: We already have ‘baby bonds’
As economists float the proposal to give every newborn in the United States a “baby bond” account with between $500 to $50,000 in cash, Michael Sherraden, director of the Center for Social Development, says a solution already exists — Child Development Accounts.
‘Toxic Inequality’ author Shapiro shares insights from 187 families
Shapiro and his team have spent 12 years following the lives of 187 families in St. Louis, Boston and Los Angeles.
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.
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.
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.
New book offers hope for ailing American family finances
“What It’s Worth: Strengthening the Financial Future of Families, Communities and the Nation” includes 40 essays by the nation’s leading experts on economics, financial services, public policy and philanthropy from across a broad range of sectors.
Treasury launches national myRA retirement plan
The U.S. Department of the Treasury has announced the national launch of the myRA program, a government-backed retirement plan for people who don’t have access to a retirement savings plan at work or who haven’t found an easy enough way to save.
New report explores global lessons from youth savings
In 2010, researchers in the vast YouthSave Initiative started investigating whether low-income youth can build savings in the developing countries of Colombia, Ghana, Kenya and Nepal. Now their findings are summarized in a newly released report.
Event on Child Development Accounts draws crowd from 24 states
More than 100 people gathered in St. Louis in October to hear leading experts discuss the latest research, funding, program and account-structure ideas in the growing field of Child Development Accounts.