Center on Assets, Education, and Inclusion

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Recent findings using traditional regression methods show that children's savings designated for school are associated with higher math scores. We build on this research by using Hierarchical Linear Modeling (HLM) to confirm that children with school savings have higher math scores than those without school savings. Moreover, we suggest children's school savings may have a stronger association with children's math scores than with either household wealth or children's savings not designated for school. Further, we find evidence that children's school savings mediates the relationship between household wealth and math scores. Policy implications for children living in low-wealth households are discussed.


Elliott, W., Jung, H.,* and Friedline, T.* (2011). Raising math scores among children in low-wealth households: Potential Benefit of Children’s School Savings. Journal of Income Distribution, 20(2), 72-91.

Children's Savings Account Journal Article Year 2011