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.
President Barack Obama awarded Elouise Cobell, an advocate for Native American financial independence, the Presidential Medal of Freedom posthumously.
International experts on flooding, drought, extreme heat, land change and more will gather for a symposium on Friday, November 18, at the Brown School of Social Work.
“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.
The Center for Social Development hosted a seminar this month for social workers and others from South Korea, part of a larger training program focused on developing financial capability for Korean youth.
To contribute to public discourse on how to make the United States more equitable, safe and livable for everyone, Michael Sherraden and Richard P. Barth submitted the opinion piece “12 questions for the presidential debate” to the St. Louis Post-Dispatch.
The American Academy of Social Work & Social Welfare has developed a list of 12 questions for candidates for president, Congress, and state and local offices. The questions stem from work at the Grand Challenges policy conference, September 15-16, which drew more than 250 experts, advocates, and leading academics from all over the United States.
Our photo album from the September 2016 “Social Innovation for America’s Renewal” features more than 130 pictures. If you or your organization would like to use a some to promote the Grand Challenges, you may download them.
More than 250 experts, advocates, and leading academics from all over the United States converged this week on the Brown School of Social Work at Washington University in St. Louis to outline a comprehensive range of solutions to some of the most pressing issues facing the nation and the next administration.
National experts, advocates and leading academics will gather at Washington University in St. Louis on Sept. 14-16 as part of a policy conference designed to hammer out constructive solutions to pressing social issues facing the country and the next administration.
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.
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.
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.
CSD Director Michael Sherraden was awarded an honorary doctorate in philosophy in May at Hebrew University of Jerusalem.
Just days before this year’s April 18 tax filing deadline, U.S. Sens. Cory Booker (D-NJ) and Jerry Moran (R-KS) proposed a plan to encourage Americans to build emergency funds.
Social entrepreneur Peter Nares, the founder of Prosper Canada and longtime friend of the Center for Social Development, died on April 5. He was 66.
We are pleased to share news from and highlight ongoing collaborations with our global partners the Centre for Social Development Asia, at the National University of Singapore, and the Centre for Social Development in Africa, at the University of Johannesburg.
The Singapore government announced on March 24 that it significantly expanded Child Development Accounts as of that date.
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.
Dean Khinduka built the modern research-oriented George Warren Brown School of Social Work. He is also a dedicated leader committed to furthering the social work profession.
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.
Nearly 50 scholars, educators, researchers and macro social work practitioners met in January in Washington, D.C., for the convening on Financial Capability & Asset Building: Moving Forward.
“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.
Israel’s parliament has passed a law funding long-term savings accounts for all newborns, based on a proposal developed by Michal Grinstein-Weiss, associate director of the Center for Social Development, and on research efforts led by Michael Sherraden, director of CSD.
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.
YouthSave researchers gathered recently in Washington, D.C., to discuss what they learned over five years about how to provide scalable saving mechanisms to low-income youth—and what their findings could mean for youth development and financial inclusion.
The Ferguson Commission in its report released this week called for universal Child Development Accounts that are statewide and automatic.
The United States faces the tremendous challenge of reducing its overreliance on prisons and jails. As the social and economic costs of incarceration rise, great need—and opportunity—exists to reverse the trend. The new Smart Decarceration Initiative, based at the Center for Social Development, is taking up the challenge.
Israel’s parliament will consider a state budget this fall that includes funding for long-term savings accounts for all newborns, a proposal authored by Michal Grinstein-Weiss, PhD, the associate director of the Center for Social Development, and based on research efforts led by Michael Sherraden, PhD, the director of CSD.
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.
At the Center for Social Development, we believe that financial security should be lifelong, starting at birth and extending from childhood through adulthood. Today CSD is proud to join CFED and more than a dozen other partners in launching the Campaign for Every Kid’s Future.
In the United States, the largest Child Development Account (CDA) programs have been built on existing college savings plans, often called 529 plans after the relevant section of the Internal Revenue Code.
CSD Director Michael Sherraden, PhD, was awarded the Richard Lodge Prize for 2015. He received the prize on May 8 at the Adelphi University School of Social Work’s annual Alumni and Friends Day.
Singapore’s innovative response to its rough and vulnerable beginning has shaped the first 50 years of the island country, Michael Sherraden said Wednesday, speaking to a crowd gathered at the National University of Singapore for his public lecture marking Singapore’s 50th Anniversary as an independent nation.
The Financial Capability & Asset Building initiative was highlighted Tuesday during a celebration showcasing four Washington University in St. Louis initiatives funded by a $5.3 million gift from Wells Fargo Advisors.
The Singapore launch of the Next Age Institute is on Monday, February 23, at the National University of Singapore. The event will feature Singapore’s Senior Minister of State Amy Khor as the guest of honor.
Rhode Island’s treasurer and governor-elect, Gina M. Raimondo, on Dec. 10 announced a policy change to make college savings more accessible for newborn children in that state. In January, it will be as simple as checking a box.
Asian scholars, practitioners and policymakers share lessons about asset-building policies in Asia and chart the future in the new book “Asset-Building Policies and Innovations in Asia.”
Celebrating its 20th anniversary this academic year, the Center for Social Development is expanding by bringing in new leaders and new bodies of work.
As the racial wealth gap in the United States continues to broaden, the Southern Regional Asset Building Coalition has emerged with solutions for improving and sustaining communities that have historically high poverty rates and few assets.
Washington University in St. Louis (WUSTL) and the National University of Singapore (NUS) have established the Next Age Institute, an international partnership to study, design and test social innovations.
The Center for Social Development (CSD) at Washington University in St. Louis recognizes that asset-building policies in Asia offer important lessons in lifelong wealth and retirement security. International interest in these policies, particularly regarding aging populations, has prompted a book published in Chinese and one forthcoming in English.
An experiment that models the first truly universal Child Development Account policy in the United States shows early positive impacts for parents and children, according to a research summary recently published by the Center for Social Development at Washington University in St. Louis.
Social workers from around the world traveled to St. Louis in April to join a conversation about policy challenges, policy practice and professional training of social workers.
More than two decades after Michael Sherraden, PhD, wrote Assets and the Poor – introducing asset building as a new social policy framework – that idea has taken off in numerous directions.
The Great Recession and its aftermath — slow recovery, unemployment, underemployment and economic malaise — have produced an era unseen since the Great Depression. In an effort to study causes and find solutions, Washington University in St. Louis faculty from across disciplines are examining economic insecurity through the university’s Livable Lives Initiative.
The Center for Social Development at Washington University in St. Louis built on an already engaged and productive relationship this month when it co-sponsored a symposium with the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis.
This week, the state of Maine became the first in the United States to make college savings for newborns universal and automatic, putting into practice research pioneered by Michael Sherraden and the Brown School’s Center for Social Development at Washington University in St. Louis.
Michael Sherraden, PhD, George Warren Brown Distinguished University Professor and director of the Center for Social Development at the Brown School, has been named the inaugural S. R. Nathan Professor at the National University of Singapore.
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.