The Center for Hunger-Free Communities

Solutions Based on Science and the Human Experience

I am a working woman who is barely making it to the next pay check. I have a growing three year old, who I want to provide with a good education. I sacrifice an abundance of things to provide for her. Not shown are my credit card bill as well as my student loan. As you can see my monthly charges are partially met. Due to kind hearted people who understand life, I can truly pay all my dues. Some are on time, others I make arrangements to pay. 

Asset Building

Asset building seeks to empower low-income households to acquire assets, such as a home, a business, an education, and savings for retirement and other life goals.  Asset building promotes financial empowerment and the building up of assets through both policy and program initiatives.  Research has demonstrated that parental financial assets, such as household savings, are positively associated with the cognitive development of school-aged children.

Current Issue

One promising asset-building strategy offers Individual Development Accounts (IDAs) or Child Development Accounts (CDAs) that provide matching funds to help families save for the future.  Philadelphia should follow the lead of San Francisco by offering CDAs to all public school kindergarten students.  See here for more information.

 

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