Stay Informed!

By Sean Luechtefeld on 10/14/2011 @ 09:45 AM

Tags: Children's Savings Accounts, Events

Last month, Bhagwan Chowdhry, Professor at UCLA’s Anderson School of Management, was featured in an episode of the popular HBO series, Entourage. In the episode, Professor Chowdhry is being interviewed by a journalist on his real-life children’s savings initiative, called Financial Access at Birth (FAB).

Professor Bhagwan Chowdhry, UCLA Anderson School of Management

According to the episode, a clip from which you can watch here, FAB would open a $100 savings account for every child at birth. Of course, as Chowdhry notes in the episode, getting funders on board is no easy task. Still, FAB is a FAB-ulous idea, given that recent research shows that children who have a savings account at seven times more likely to complete college.

As the engineer and mastermind behind FAB, Chowdhry was also featured in a Fox Business interview on the initiative, explaining how financial access is critical to bringing all Americans into the economic mainstream and how saving from birth can be a necessary step to achieving that goal. You can watch the Fox Business interview here.

You can imagine how excited we were when we saw children’s savings initiatives featured in popular media, and if you caught the episode of Entourage, we’re sure you were excited, too. Can you think of any other instances when financial access was highlighted in popular media? If so, use the comments section below to send them our way!

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