529 plans

Children's Savings: How Far We've Come

June 18, 2014
Children's Savings Accounts have received a great deal of attention in 2014. The incoming Chairman of the Finance Committee, Senator Ron Wyden (D-OR), made a splash when he highlighted CSAs as one of his top priorities upon taking the gavel.

Children's Savings Accounts

  • By
  • Reid Cramer,
  • Rachel Black,
  • Justin King,
  • New America Foundation
June 18, 2014
The American Dream is built upon the enduring values of equal opportunity and personal responsibility. Ensuring that this dream remains attainable depends upon America being able to promote these values among rising generations. Research and experience in the field consistently supports the thesis that children's savings accounts (CSAs) can provide a vehicle to support these objectives.

Asset Building News Week, June 9-13

June 13, 2014
Publication Image The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include education, income, wealth, and housing issues.
 
Education

Bringing College Savings Within Reach?

June 13, 2014
Publication Image Saving is hard. We know that all too well. It's one of the reasons that only about 3 percent of American families use tax-advantaged savings accounts (529s and Coverdells) to save for college. Saving is even harder when you're told you have to choose between putting food on the table and putting some money away for your child's college education.

Roth Accounts for Youth Savings

March 7, 2014
Publication Image While the notion of universal children’s savings continues to receive serious consideration at the highest levels of federal lawmaking, there is no formal plan on the table to promote CSAs and no guarantee that a plan will be adopted in the near future. Congress will need to consider a wide array of options before making a move on CSAs, a process that could take years. In the meantime, there continues to be a big gap in the financial-services marketplace for parents who want to save for their children.
  

Asset Building News Week, February 10-14

February 14, 2014
Publication Image The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include children's savings accounts, education, and financial services.

An Assets Perspective to the War on Poverty: Access to Higher Education

January 16, 2014
Publication Image Over the past week, we’ve been taking a look at what we’ve learned since the War on Poverty began about why assets matter – and why they should be a key piece of our anti-poverty approach going forward. On Monday, Hannah Emple examined the relationship between assets and health, and on Tuesday, Elliot Schreur discussed how assets are essential to economic mobility. Today, in the final installment of our series, I’ll explore why assets matter for education – and how we can do better.

Event Series at the University of Kansas on Poverty, Assets, and the American Dream

September 6, 2013

The University of Kansas School of Social Welfare, the Assets and Education Initiative (AEDI), and the KU Social Work Administration and Advocacy Practice are convening a series of events over the next few months about the interplay of assets with upward economic and social mobility. Learn more about the series and RSVP for the first event here.

The first event kicks off next week on September 11 at the University of Kansas. Keynote speaker Dr. Mark Rank, a widely-recognized expert on poverty and inequality, will be discussing his research, including a finding that nearly 60 percent of Americans experience poverty at some point between the ages of 20 and 75. His talk, and the panel discussion to follow, will examine why poverty is portrayed as an individual failing despite its prevalence and structural origins, and how institutions can support (or stop hindering) upward economic mobility. 

Check out the details for Wednesday's event below and make a note of the dates of forthcoming events. In particular, note that our Senior Research Fellow, William Elliott, will be speaking at the November event about his work on improving children's educational outcomes through access to savings. The early 2014 events will feature Tom Shapiro, whose work with the Institute on Assets and Social Policy has greatly informed the national conversation on the causes of racial wealth disparities, and Michael Sherraden, whose work laid the earliest foundations of the asset building field.

The series will be available on livestream for those not able to travel to the Lawrence, Kansas area.

Playing the Long-Game on College Financing

July 22, 2013
Publication Image

Sometimes when I need to motivate myself to do something, cheesy as it may be, I think about how it will benefit "future me." "Future me" will enjoy wearing the clean clothes that "present me" washed. "Future me" will be able to get out the door faster because "present me" packed my son's daycare bag. It works because, like Michael J. Fox a la Back to the Future, I know that "future me" will someday be "present me" and it will pay off. We could use more of this thinking when it comes to federal policies that help students pay for college.

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