Essential Policy Design Elements for Statewide Child Development Accounts

Clancy, M. M., Sherraden, M., & Beverly, S. G. (2019, December). Essential policy design elements for statewide Child Development Accounts (CSD Fact Sheet No. 19-47). St. Louis MO: Washington University, Center for Social Development. https://doi.org/10.7936/1rvq-dy43

Child Development Accounts at Scale: Sample State Legislation

Clancy, M. M., Sherraden, M., & Beverly, S. G. (2019, November). Child Development Accounts at scale: Sample state legislation (CSD Policy Summary No. 19-46). St. Louis, MO: Washington University, Center for Social Development. https://doi.org/10.7936/cptg-2n77

Illinois Approves Child Development Accounts for All Newborns

Illinois state capitol, Springfield, Illinois

Illinois became the most recent state in the U.S. to adopt universal Child Development Accounts on August 23, when Gov. J.B. Pritzker signed legislation to open a 529 college savings plan account with deposits for every child born or adopted in Illinois after Dec. 31, 2020.

Nebraska Approves Universal, At-Birth CDA Policy

Nebraska’s legislature today approved a universal Child Development Account (CDA) policy that will cover every resident born in the state on or after January 1, 2020.

Missouri Child Development Account Forum

June 13, 2019, 10:00 a.m. to 2:00 p.m., Hillman Hall classroom 130, Brown School of Social Work, Washington University in St. Louis

Sherraden to speak in D.C. about potential for U.S. kids to build assets

Michael Sherraden will discuss potential federal policy for inclusive and progressive Child Development Accounts (CDAs), so that all U.S. children can accumulate assets, on March 20 at the National Press Club, in Washington, D.C. Several states have already enacted statewide CDA policies, and a nationwide policy is possible. Sherraden is the George Warren Brown Distinguished […]

CSD begins third phase of research on Child Development Accounts

With financial support from philanthropists, the Center for Social Development is conducting a third wave of research on Child Development Accounts (CDAs) in the Oklahoma 529 College Savings Plan. Wave 3 of the SEED for Oklahoma Kids (SEED OK) experiment expands the original CDA with an automatic, progressive deposit and extends the research to examine […]

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.

Child Development Account Forum

July 25, 2018, Clark-Fox Forum, Brown School of Social Work, Washington University in St. Louis

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.

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.

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.

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!

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.

CSD hosts seminar for visitors from South Korea

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.

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.

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 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.

CSD research reveals racial disparities in education debt

New research from the Center for Social Development at Washington University showed that low- to moderate-income black students and graduates accrued $7,721 more education debt than their white counterparts.