Center on Assets, Education, and Inclusion

The mission of AEDI is to create and study innovations related to asset development, education, and financial inclusion that result in opportunities across the life course for low-income children and families, in the U.S. and around the globe, for the purposes of climbing out of poverty and up the economic ladder.

Children’s Savings Accounts (CSAs) programs are interventions that seek to build assets for children to use as long-term investments. They have the potential to act as the plumbing for an asset building agenda that helps low-income children thrive, linking poor children with accounts and creating the space for receipt of both private and public wealth-building transfers.

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Wealth Inequality: It's an American Problem

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White Americans Have a Reason to Be Mad about Wealth Inequality

Information about the nature and extent of wealth inequality among Whites can play a role in eliminating misconceptions and reframing the discussion about wealth redistribution as essential to restoring hope in the American dream and imperative to improving the life chances of all. Using data from the Panel Study of Income Dynamics, we find that the top quintile of White wealth holders has 212 times as much wealth as the bottom quintile. Further, multi-dimensional descriptive analyses from 1999 to 2015 indicate that median wealth has increased 46% among White households in the top 20% of both the wealth and income distributions. During the same time period, wealth holdings decreased among White household in the bottom 20% of both economic distributions. These data suggest that wealth inequality is a problem not only for Black households in America, but for White households as well. Thus, wealth inequality is not just a question of discrimination and racial disadvantage but is rooted in the fundamental nature of the American economy.

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Making Education Work for the Poor, The Potential of Children's Savings Accounts

Willliam Elliott and Melinda Lewis

  • Uses authors' personal stories to illustrate inequities in education system

  • Features research conducted with a clear public purpose in mind, in order to increase the relevance and applicability of findings to public policy conversations

  • Considers how research resonates with people's values and how the proposed policy intervention aligns with American ideals

  • Discusses an opportunity pipeline that begins at or near birth and extends beyond graduation into young adulthood

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January 2018

This is a quarterly newsletter produced by the Center on Assets, Education, and Inclusion (AEDI) at the University of Michigan School of Social Work.

Read the AEDI January 2018 Newsletter.

In this issue:

  • New Research on Savings in CSAs

  • Report from the Michigan Consortium

  • Investigating Math/Reading outcomes for accountholders in SF's K2C

  • Asset Building in the Foster Care Sysyem

  • Leveraging spending to fuel families' savings