ASPIRE Act/KIDS Accounts

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.

Guest Post: Six Tax Reforms to Increase Economic Security for All

April 17, 2014
Publication Image Editor's note: this blog post was authored by Heather McCulloch, Manager of the Tax Policy Project of the Asset Funders Network. It originally appeared on the ACCESS to Financial Security site and is reprinted here with the author's permission.

It’s tax time, the perfect time to consider how tax code reforms can create an America that lives up to its promise of opportunity for all.

New Report: It Still Takes Money to Make Money

March 12, 2014
Publication Image On Tuesday, our colleagues at the Assets and Education Initiative at the University of Kansas released a new report called Harnessing Assets to Build an Economic Mobility Agenda. The key finding? It takes money to make money.

Asset Building News Week, February 17-21

February 21, 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 postal banking, housing, income inequality, and public assistance.

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.

Senator Ron Wyden Wants Children's Savings Accounts

February 10, 2014
Senator Ron WydenI want a tax code in America where everybody has a chance to get ahead, especially those don’t have much of a chance," said Senator Ron Wyden (D-OR), the incoming Chair of the Senate Finance Committee at a conference last Friday. That's a lovely sentiment, but how do you get there? Fortunately, Senator Wyden used his speech to USC's Gould School of Law and the Brookings-Urban Tax Policy Center to outline his vision for tax reform, and there's a great deal to like.

Young Adults Experienced Financial Side Effects from the Great Recession

October 24, 2013
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Mounting debt, diminishing net worth, insufficient savings, increasing foreclosures, rising unemployment—all painful financial side effects of what has been dubbed the worst economic recession in almost a century. These side effects have been relatively well-documented. Rates of bankruptcy rose 74% and home foreclosures soared as much as 358% in some areas. Unemployment rates peaked at a national average of about 10%, with much higher rates documented for African Americans and Latinos. High rates of unemployment meant potentially fewer wages for day-to-day household needs. With only small amounts of savings or net worth to tide them over, millions of households turned to public assistance programs to sustain themselves. These effects are likely to follow households—and the children who grew up in these households during the Great Recession—for years to come.

Changing Federal Policy to Help Families Save

September 24, 2013

On September 20th, Rachel Black presented "Removing Barriers, Building Savings: Changing Federal Policy to Help Families Save" to the Inter-religious Working Group on Domestic Human Needs.

You can find a copy of the presentation here.

Guest Post: TrustEgg: Simple Saving for a Brighter Future

September 24, 2013
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Editor’s note: This post was authored by Jeffrey Brice and Eric Genrich of TrustEgg.  Jeff is the Founder/CEO of TrustEgg and a former accountant working in Banking and Trust. He is an expert in children’s savings plans, and created TrustEgg to help save for his nieces’ futures. Eric is TrustEgg's Policy Advisor, a husband, father, and Wisconsin state legislator.

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