Individual Development Account Initiative
Connecticut Department of Labor
200 Folly Brook Blvd., Wethersfield,
Resources to learn about IDAs and the asset-building field:
Individual Development Accounts
http://cfed.org/assets/pdfs/idas_for_youth.pdf . This report
examines IDA programs as a tool for promoting long-term savings and
investment behavior among youth. It is intended to provide baseline
information about effective practices to IDA practitioners seeking to extend
IDAs from adults to young people and to youth development practitioners
looking for ways to incorporate asset building and financial literacy into
their current services.
- INFORMATION BOOKLET FOR FINANCIAL INSTITUTIONS.
Connecticut Department of Labor has just released a revised and updated
version of "The Connecticut IDA Initiative Information Booklet for Financial
Institutions." Click here for a
free downloadable version of the booklet. (PDF, 424KB)
- STRIVING TO SAVE.
The Center for Social Development at the
George Warren Brown School of Social Work, Washington University, St. Louis,
announces the publication of Striving to Save: Creating Policies for
Financial Security of Low-Income Families. This new book by Research
Professor Margaret Sherraden and Research Director Amanda Moore McBride,
with CSD Senior Scholar Sondra Beverly, uses in-depth interviews to examine
saving in 84 low-income households, including 59 who participated in
Downpayments on the American Dream Demonstration IDA Program (ADD), and 25
controls who did not participate.
Striving to Save is published by University of Michigan Press. The research
described in the book tested the effectiveness of Individual Development
Accounts (IDAs). It challenges traditional assumptions that the poor do not
want to or cannot save. The findings suggest ways to understand the economic
lives of low-income and low-wealth individuals and families, and offer
valuable insights into approaches for future policy, programs, and savings
products that enable the poor to build assets.
Striving to Save, go to:
- THE CORPORATION FOR ENTERPRISE DEVELOPMENT (CFED),
777 North Capital Street, NE, Suite 410, Washington, DC 20002, is an
independent, non-profit organization whose mission is to foster
widely-shared and sustainable economic well-being by building economies,
enterprises and assets in communities throughout the country and
internationally. It has been in the forefront of the IDA movement. CFED has
many IDA-related publications available for ordering.
- IDA LIST SERVE. CFED also sponsors an IDA list serve that is an excellent way to benefit from the shared information of IDA implementers all over the U.S. You can join the list serve by sending a blank e-mail
- THE CENTER FOR SOCIAL DEVELOPMENT'S WEBSITE,
, includes information on asset-building research, state IDA policy, and American Dream Demonstration evaluation
information. There are also many IDA-related publications that you can
order through the website or by calling (314)935-7433.
- ASSETS AND THE POOR: A NEW AMERICAN WELFARE POLICY, by Michael Sherraden; M.E. Sharpe, Inc., 1991. Written by Dr. Sherraden, Director of the Center for Social Development (SCD), Washington University, St. Louis, this is the book that introduced the IDA concept. This book may be special-ordered in bookstores or ordered directly from the publisher at (914) 273-1800.
- Connecticut Asset Building Collaborative. For
information, news, and events about asset-building programs in Connecticut,