CSD helps Nebraska add college savings plan for newborns
Nebraska’s legislature, assisted by research and guidance from Washington University in St. Louis, on May 24 unanimously approved a universal Child Development Account (CDA) policy that will cover every resident born in the state on or after Jan. 1, 2020. Margaret Clancy, policy director for the Center for Social Development at the Brown School, advised lawmakers on the policy.
WashU Expert: We already have ‘baby bonds’
As economists float the proposal to give every U.S. newborn a “baby bond” account, Michael Sherraden, professor at the Brown School, says a solution already exists — Child Development Accounts, a policy concept first proposed in his groundbreaking 1991 book, “Assets and the Poor.”
Long-term study reveals asset-building success of Child Development Accounts
A 10-year study on Child Development Accounts (CDAs) has confirmed their viability as a tool for long-term asset building. Beginning as early as birth, CDAs are investment accounts that allow parents and children to accumulate savings for post-secondary education, homeownership or business initiatives.
WUSTL’s Michael Sherraden named to TIME magazine’s TIME 100
TIME magazine has named Michael Sherraden, PhD, the Benjamin E. Youngdahl Professor of Social Development at Washington University in St. Louis, to the 2010 TIME 100, the magazine’s annual list of the 100 most influential people in the world. Sherraden, the founder and director of the Brown School’s Center for Social Development (CSD), is known for his pioneering work on asset building for low-income people.
Savings accounts in child’s name provide lifelong benefits
Child Development Accounts are savings accounts that begin as early as birth and allow parents and children to accumulate savings for post-secondary education, homeownership or business initiatives. “There is evidence that when there are savings and assets in the household – particularly savings in a child’s name – that children have greater educational attainment, are more likely to do well in high school, attend college and graduate from college,” says Michael Sherraden, PhD, the Benjamin E. Youngdahl Professor of Social Development at the Brown School. Sherraden recently was named to TIME Magazine’s TIME 100.