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.
Findings from this study and past studies suggest that a CSA alone may not catalyze improvements in attendance, math, and reading; it may take some engagement with the accounts. But, while these findings are promising, they are not definitive and more research is needed. This is perhaps particularly notable given the relatively small K2C account balances at this stage (average total value of accounts that have had at least one family contribution is approximately $907 by the fourth year; average contribution value of $709).
This is a quarterly newsletter produced by the Center on Assets, Education, and Inclusion (AEDI) at the University of Michigan School of Social Work.
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
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