Children's Savings Accounts (original) (raw)
AI-generated Abstract
This paper discusses the potential of children's savings accounts (CSAs) as a strategy to alleviate long-term economic disadvantage in Good Neighborhoods communities. It outlines the goals and essential components of CSAs, highlights the impact of asset poverty, and reviews existing successful models such as the Child Trust Fund in the UK and the SEED initiative in the US. The conclusion emphasizes the importance of local implementation and understanding of CSAs to maximize their effectiveness in building financial literacy and increasing economic mobility for children.
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