Child Savings Accounts: Learning from poverty reduction policies in the world

This paper addresses the potential benefits of Child Savings Accounts (CSAs) in citizen–government partnerships on poverty reduction. CSA policies from 10 countries/regions in the world with official governmental website information are analyzed in terms of purpose, target age, account opening proce...

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Bibliographic Details
Published inInternational social work Vol. 55; no. 1; pp. 71 - 94
Main Authors Cheung, Monit, Delavega, Elena
Format Journal Article
LanguageEnglish
Published London, England SAGE Publications 01.01.2012
Sage Publications Ltd
Subjects
Antipoverty Programs
Child Poverty
Children
Children & youth
Disadvantaged
Education finance
Funding
Government
Income
Internet
Learning
Low Income Groups
OECD
Poverty
Poverty alleviation
Savings
School Attendance
Schooling
Taxation
Taxes
U.S.A
children’s savings account
CSA policy
comparative policies
children in poverty
OECD countries
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Summary:This paper addresses the potential benefits of Child Savings Accounts (CSAs) in citizen–government partnerships on poverty reduction. CSA policies from 10 countries/regions in the world with official governmental website information are analyzed in terms of purpose, target age, account opening process, benefits, contributions, match, and fund usage as possible learning lessons for the USA. All 10 countries/regions with national CSA policies target low-income or disadvantaged children through five elements: 1) seed money for children’s education funds; 2) matching fund; 3) school attendance requirements; 4) graduation as a requirement; and 5) income determination. Aversion to higher taxes may still create difficulties in funding.
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ISSN:0020-8728
1461-7234
DOI:10.1177/0020872810392810