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Promising Practices Catalog
 Economic Success Clearinghouse/WIN
Out-of-School Time
Professional Development in Education
Finding Federal Funding
Sustainability Planning
Investments in Children's Services Clearinghouse
Youth Programs Resource Center
Youth Transitions Resource Center
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Individual Development Accounts and Other Savings Vehicles
Individual Development Accounts (IDAs) are a
policy tool to enable low-income families build assets and to achieve
economic well-being. IDAs are matched savings accounts designed to
encourage participants to become regular savers. Typically, the
savings generated in IDA accounts can only be used for specific
purposes, such as paying postsecondary education and training, starting
a business, and buying a home, though some programs allow exemptions
for emergencies. The Personal Responsibility and Work Opportunity Act
of 1996 (PRWORA) authorizes states to create community-based IDA
programs with TANF block grant funds and to disregard all money saved
in IDAs in determining eligibility for all means-tested government
assistance.
State
and local leaders can also offer other vehicles for saving to increase
asset-building opportunities for individuals and families not eligible
for IDAs. For example, these may include children’s savings accounts
and Family Self-Sufficiency (FSS) escrow accounts for public housing
residents.
Resources from The Finance Project
Analyzing the Relationship Between Account Ownership and Financial Education
by Christi Baker; Doug Dylla,
The Finance Project, September 2007
Encouraging Savings: Financing Individual Development Account Programs
by Michele Miller and Deborah Gruenstein,
The Finance Project, October 2002
Encouraging Asset Development for Low-Income Workers
by Pamela Friedman,
The Finance Project, April 2002
Individual Development Accounts
by S. Freed,
The Finance Project, March 1998
Other Resources
Three Considerations for Children's Savings Accounts
by Barbara Butrica,
Urban Institute, November 2008
What can we Expect from Children's Savings Accounts
by Barbara Butrica,
Urban Institute, November 2008
Children's Savings Accounts: Why Design Matters
by Adam Carasso; Barbara Butrica; Eugene Steuerle; Desmond Toohey,
Urban Institute, May 2008
Do Welfare and IDA Program Policies Affect Asset Holdings
by Signe-Mary McKernan, Caroline Ratcliffe, Yunju Nam,
Urban Institute, May 2008
Why not a Super Simple Saving Plan for the United States?
by Pamela Perun; Eugene Steurle,
Urban Institute, May 2008
Assets for Independence Act Evaluation: Impact Study, Final Report
by Gregory Mills, Ken Lam, Donna DeMarco, Christopher Rodger, Bulbul Kaul,
ABT Associates, Inc., February 2008
Learning to Save, Saving to Learn: Early Impacts of the Learn$ave Individual Development Accounts Project
by Norm Leckle; Michael Dowle; Chad Gyorfi-Dyke,
Social Research and Demonstration Corp, January 2008
Tax Considerations in a Universal Pension System
by Adam Carasso; Jonathan Barry Forman,
Urbans-Brookings Tax Policy Center, January 2008
The Effect of Welfare and IDA Program Rules on the Asset Holdings of Low-Income Families
by Signe-Mary McKernan; Caroline Ratcliffe; Yunju Nam,
Urban Institute; Center for Social Development; New America Foundation, September 2007
From Individual Development Accounts to Community Asset Building: An Exploration in Bridging People and Place Based Strategies
by Solana Rice,
Center for Social Development, November 2005
Individual Development Accounts (IDAs): Background and Current Legislation for Federal Grant Programs to Help Low-Income Families Save
by Gene Falk,
Congressional Research Service, November 2005
Temporary Assistance for Needy Families (TANF) and Individual Development Accounts (IDAs): A Good Match?
by Karen Edwards,
Center for Social Development, October 2005
See Description
Strengthening Private Sources of Retirement Savings for Low-Income Families
by Elizabeth Bell, Adam Carasso, and C. Eugene Steuerle,
The Urban Institute, September 2005
IDA Survey Provides a Glimpse into the Growing Field
by David Buchholz,
Corporation for Enterprise Development, August 2005
See Description
Individual Development Accounts: How Legislators Can Use IDAs as a Tool to Increase Homeownership and Promote Asset Development
National Conference of State Legislatures, August 2005
Marrying Financial Transactions with Asset-Building Opportunities
Center for Financial Services Innovation, July 2005
Individual Development Accounts: A Report from the Field; Connecting Policy to Practice
by Cathie Mahon, Kirsten Moy and Melissa Koide,
Aspen Institute, April 2005
Tax Credits for Individual Development Accounts
by Christine Scott,
Congressional Research Service, April 2005
Individual Development Accounts: Policies to Build Savings and Assets for the Poor
by Ray Boshara,
Brookings Institution, March 2005
Savings and Asset Accumulation among Low-Income Families with Children in IDAs
by Michal, Grinstein-Weiss, Kristin Wagner and Fred Ssewamala,
Center for Social Development, March 2005
Saving in Low-Income Households: Evidence from Interviews with Participants in the American Dream Demonstration
by Sherraden, Margaret; McBride, Amanda Moore; Johnson, Elizabeth; Hanson, Stacie; Ssewamala, Fred; & Shanks, Trina,
Center for Social Development, January 2005
State Policies to Assist Working-Poor Families
by Liz McNichol and John Springer,
Center on Budget and Policy Priorities, December 2004
IDA Field Strategies Options Paper
Corporation for Enterprise Development, October 2004
Profile of Older Adults Participating in IDAs: Findings from the American Dream Demonstration
by Michelle Putnam, Nancy Morrow-Howell, Lin Zhang, and Michael Sherraden,
George Warren Brown School of Social Work, September 2004
Evaluation of the American Dream Demonstration Final Evaluation Report
by Gregory Mills, Rhiannon Patterson, Larry Orr, Donna DeMarco,
ABT Associates, Inc., August 2004
TANF and Individual Development Accounts
by Vee Burke,
Congressional Research Service, August 2004
See Description
The Child Trust Fund: A Universal Long-Term Savings Policy
by Lisa Mensah, Rachel Schneider, and Magda Aboulfadl,
Aspen Institute, June 2004
Individual Development Accounts and Community Action Agencies: A Natural Partnership
by Marie J. Hawe,
National Association for State Community Service Programs, Center for Community Action Research, April 2004
Racial Differences in Performance in a Matched Savings Program
by Michal Grinstein-Weiss, Michael Sherraden,
George Warren Brown School of Social Work, April 2004
College Savings Plans: A Platform for Inclusive Saving Policy?
by Margaret Clancy, Peter Orszag, and Michael Sherraden,
George Warren Brown School of Social Work, February 2004
Saving for Microenterprise in Individual Development Accounts: Lessons from the American Dream Demonstration
by Fred M. Ssewamala and Michael Sherraden,
Center for Social Development, January 2004
Cost-Effectiveness in Individual Development Accounts
by Mark Schreiner, Guat Tin Ng, Michael Sherraden,
George Warren Brown School of Social Work 2004
Financial Instituttions and Individual Development Accounts: Results of a National Survey
Center for Community Capitalism, University of North Carolina, October 2003
IDA Collaboratives Toolkit: A Practical Manual Based upon a Case Study of
The Assets for All Alliance
by Margot Mailliard Rawlins. Anne Stuhldreher
Anne Stuhldreher,
Center for Venture Philanthropy, August 2003
Savings Outcomes of Single Mothers in Individual Development Accounts
by Min Zhan,
George Warren Brown School of Social Work, August 2003
Children’s Development Accounts: the Oregon Story
by Beverly Stein and Robert Freedman,
George Warren Brown School of Social Work, July 2003
Tax Credits and IDA Programs
by Gena S. Gunn, Anupama Jacob, Melinda Lewis,
George Warren Brown School of Social Work, July 2003
American Stakeholder Accounts
by Ray Boshara,
New America Foundation, June 2003
State Policy Trends for Individual Development Accounts in the United States:1993 - 2003
by Karen Edwards and Lisa Marie Mason,
George Warren Brown School of Social Work, May 2003
American Indian Tribal Communities and Individual Development Account (IDA) Policy
by Juliet King, Sarah Hicks, Karen Edwards, Alisa Larson,
George Warren Brown School of Social Work, April 2003
College Savings Plans and Individual Development Accounts: Potential for Partnership
by Margaret Clancy,
George Warren Brown School of Social Work, March 2003
A Comparative Analysis of Rural and Urban Saving Performance in Individual Development Accounts
by Jami Curley and Michal Grinstein-Weiss,
George Warren Brown School of Social Work 2003
IDA Program Directory
Corporation for Enterprise Development 2003
Recommendations from the Field: Individiual Development Accounts as Part of a Universal Asset Building Service
by Robert O. Zdenek and Beverly Stein,
George Warren Brown School of Social Work 2003
The Effects of Individual Development Account Programs: Perceptions of Participants
by Amanda Moore McBride, Margaret Lombe, and Sondra G. Beverly,
George Warren Brown School of Social Work 2003
Saving Performance in the American Dream Demonstration, A National Demonstration of Individual Development Accounts
by Mark Schreiner, Margaret Clancy and Michael Sherraden,
George Warren Brown School of Social Work, October 2002
Savings Outcomes of Older Adults Participating in IDAs: Findings from the American Dream Demonstration
by Michelle Putnam, Nancy Morrow-Howell, Lin Zhang and and Michael Sherraden,
George Warren Brown School of Social Work, October 2002
Individual Development Accounts: Summary of Research
by Michael Sherraden, Benjamin E. Youngdahl,
George Warren Brown School of Social Work, September 2002
Individual Development Accounts: Helping Families Move to Self-Sufficiency
Caliber Associates, August 2002
The United Way of Greater St. Louis Individual Development Account Pilot Program Research Report
by Margaret Clancy, Mark Schreiner and Michael Sherraden,
George Warren Brown School of Social Work, August 2002
Design, Implementation and Administration of Individiual Development Account Programs
by Deborah-Page Adams,
George Warren Brown School of Social Work, March 2002
What Do Individual Development Accounts Cost? The First Three Years at CAPTC
by Mark Schreiner,
George Warren Brown School of Social Work, February 2002
See Description
Drop-out from Individual Development Accounts: Prediction and Prevention
by Mark Schreiner, Michael Sherraden,
George Warren Brown School of Social Work, January 2002
See Description
Income, Institutions, and Savings Performance in Individual Development Accounts
by Michael Sherraden, Mark Schreiner, Sondra Beverly,
George Warren Brown School of Social Work, January 2002
See Description
Individual Development Accounts (IDAs) and People with Disabilities: Policy Implications
by Dede Leydorf,
World Institute on Disability, January 2002
See Description
Mind the Gap - Overcoming the Information, Income, Wealth, and Supply Gaps Facing Potential Buyers of Affordable Homes
by J. Michael Collins and Doug Dylla, Local Initiatives Support Corporation (LISC),
100% Campaign, November 2001
See Description
How Do IDAs Affect Benefit Eligibility?
by Zoe Neuberger,
Center on Budget and Policy Priorities, September 2001
Individual Development Accounts.
New Democrats Online, August 2001
Welfare Reform and Household Saving
by Erik Hurst, James P. Ziliak,
Joint Center for Poverty Research (JCPR), August 2001
Financial Education and Savings Outcomes in Individual Development Accounts
by Margaret Clancy, Michael Grinstein-Weiss, Mark Schreiner,
George Warren Brown School of Social Work, May 2001
See Description
Use of Individual Development Accounts by People with Disabilities: Barriers and Solutions
by Dede Leydorf, Deborah Kaplan,
World Institute on Disability, May 2001
See Description
Management Information Systems for Individual Development Accounts: A Feasibility Study
by Lissa Johnson et al,
George Warren Brown School of Social Work, April 2001
IDA State Policy Guide
by Karen Edwards and Carl Rist,
Washington University, Center for Social Development, March 2001
See Description
Building Assets: A Report on the Asset-Development and IDA Field
by Ray Boshara,
Corporation for Enterprise Development 2001
See Description
The EITC and USA/IDAs: Maybe a Marriage Made in Heaven?
by Timothy M. Smeeding,
Center for Policy Research, December 2000
See Description
Hispanic Savings and Individual Development Accounts
by Not available online.,
National Council of La Raza, November 2000
From Research to Policy: Lessons from Individual Development Accounts
by Michael Sherraden,
Washington University, Center for Social Development 2000
See Description
Resources Used to Produce Individual Development Accounts in the First Two Years of the Experimental Program of the American Dream Demonstration at the Community Action Project of Tulsa County
by Mark Schreiner,
George Warren Brown School of Social Work 2000
See Description
Individual Development Accounts: An Endangered Wealth Creation Strategy?
Federal Reserve Bank of Cleveland
Savings and Asset Accumulation in Individual Development Accounts: Downpayments on the American Dream Policy Demonstration, A National Demonstration of Individual Development Accounts
by Mark Schreiner, Michael Sherraden, Margaret Clancy, Lissa Johnson, Jami Curley, Michal Grinstein-Weiss, Min Zhan, Sondra BeverlyMargaret Clancy,
Washington University, Center for Social Development
Savings, IDA Programs, and the Effects of IDAs: A Survey of Participants
by Amanda Moore, Sondra Beverly, Mark Schreiner, Michael Sherraden, Margaret Lombe, Esther Y.N. Cho, Lissa Johnson, Rebecca Vonderlack,
Washington University, Center for Social Development
See Description
State IDA Policy Profiles
100% Campaign
See Description
2002 Federal IDA Briefing Book: How IDA's Affect Eligibility for Federal Programs
Corporation for Enterprise Development
See Description
Advisory on the Tax Consequences of IDA's not Funded Through the Assets for Independence Act
Corporation for Enterprise Development
See Description
Asset Accumulation in Low-Resource Households: Evidence from Individual Development Accounts
by Mark Schreiner, Michael Sherraden, Margaret Clancy, Lissa Johnson, Sondra Beverly, Jami Curley, Michal Grinstein-Weiss, Min Zhan,
Washington University, Center for Social Development
See Description
Asset Building in IDAs funded under AFIA
U.S. Department of Health and Human Services, Administration for Children and Families, Office of Child Support Enforcement
See Description
Employer IDA Initiatives: The Promise of Delivering IDA's Through Employers
Corporation for Enterprise Development
Engaging Financial Institutions in the IDA Marketplace
by Steven Shepelwich and Melissa Koide,
Corporation for Enterprise Development
Establishing Individual Account Programs: Programming, Policies and Resources
Caliber Associates
See Description
Expanding Individual Development Accounts to Help Low-Income Families Save for the Future
Results Educational Fund
Framework for Financial Benefit-Cost Analysis of Individual Development Accounts
by Mark Schreiner,
Washington University, Center for Social Development
See Description
Implementation and Outcomes of an Individual Development Account Project
See Description
Individual Development Accounts: How are They Working?
by DeWayne Davis and Jeff Lemieux,
Progressive Policy Institute
See Description
Match Rates, Individual Development Accounts, and Saving by the Poor
by Mark Schreiner,
George Warren Brown School of Social Work
On the Costs and the Future of Individual Development Accounts
by Michael Sherraden,
George Warren Brown School of Social Work
Rapid Asset$ Individual Development Accounts: Program Highlights and Statistics, October 1999-March 31, 2001
by Good Faith Fund,
See Description
Saving for Post-Secondary Education in Individual Development Accounts
by Min Zhan and Mark Schreiner,
Saving Performance in Individual Development Accounts: Does Marital Status Matter?
by Michal Grinstein-Weiss, Min Zhan, and Michael Sherraden,
George Warren Brown School of Social Work
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For questions about the Economic Success Clearinghouse (formerly Welfare Information Network), email us at esinfo@financeproject.org.
Please note that The Finance Project does not provide services for low-income families. Individuals needing assistance should contact their local human service agency and social service organizations. |
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