How CSAs facilitate saving and asset accumulation (Chapter 5 - Brief)

Author(s): 
Friedline, Terri
Kakoti, Sally
Project(s): 
Children's Savings Account
Publication type: 
Brief

Traditional theories of savings would lead observers to believe that low-income children are unlikely to accumulate any assets, given their limited incomes and their parents’ limited ability to transmit financial knowledge and skills. However, empirical evidence and institutional theory suggest that low-income children can indeed save and that crafting structures that can facilitate their saving—including Children’s Savings Accounts (CSAs)—may help savings to serve as a pathway to economic mobility for these disadvantaged youth.

Read the brief

Citation: 

Elliott, W, Friedline, T., and Kakatoi, S. (2013). How CSAs facilitate saving and asset accumulation (Chapter 5 - Brief). In W. Elliott (Ed.), Giving children a financial stake in college: Are CSAs a way to help maximize financial aid dollars? (Biannual Report for the Assets and Education Field). Lawrence, KS: Assets and Education Initiative.

New Book Released

Today’s student loan system is in place because of a political compromise, and growing discontent with student debt may signal that this arrangement has run its course. While there are resources and organizations in place to help those struggling with debt, the time has come to consider a new direction for financial aid, William Elliott III and Melinda Lewis argue in “Student Debt: A Reference Handbook.”

Why KU
  • One of 34 U.S. public institutions in the prestigious Association of American Universities
  • Nearly $290 million in financial aid annually
  • 44 nationally ranked graduate programs.
    —U.S. News & World Report
  • Top 50 nationwide for size of library collection.
    —ALA
  • 23rd nationwide for service to veterans —"Best for Vets," Military Times