Center on Assets, Education, and Inclusion

  1. Redesigning College Savings (529) Plans to Achieve Inclusive Child Development Accounts

    Child Development Accounts (CDAs)—also called Child Savings Accounts (CSAs)—provide assets and encourage saving and asset building for children. (See the accompanying document, The Case for a Nationwide Child Development Account Policy.) An efficient, trusted, and sustainable system for delivering CDAs is already being implemented in some states. A nationwide policy would require federal funding and changes in policy and practice to deliver CDAs for all children with a seed deposit as early as birth.

    Research shows that CDAs have positive effects on asset building and healthy child and family development, with greater effects for people of color and low-income households. Asset building over time is the key to these results. Positive effects for children and families occur even before the money is spent for education.

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    Authors

    José Cisneros, Margaret M. Clancy, William Elliott III, Amanda Feinstein, Martha Kanter, Muneer Karcher-Ramos, Clint Kugler, Julie Peachey, Colleen Quint, Thomas M. Shapiro, Michael Sherraden

    Brief Year 2021

  2. The Case for a Nationwide Child Development Account Policy

    Investing in children is fundamental for families, communities, and the U.S. economy. Child Development Accounts (CDAs), also called Children’s Savings Accounts (CSAs), offer a proven and efficient model for investing in all children.

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    Authors

    José Cisneros, Margaret M. Clancy, William Elliott III, Amanda Feinstein, Martha Kanter, Muneer Karcher-Ramos, Clint Kugler, Julie Peachey, Colleen Quint, Thomas M. Shapiro, Michael Sherraden

    Brief Year 2021