Children's Savings Accounts
Children's Savings Accounts (CSAs)
Over 1.3 million American children born each year – and more than half of minority children – are born into families with negligible savings to invest in their futures. Yet research and practice have shown that family ownership of even a few thousand dollars in assets can give children not only a measure of economic security, but also a transformative sense of possibility and hope for the future.
CFED is engaged in a range of strategies to provide children’s savings accounts and asset-building opportunities for all children in the United States through large-scale programs, innovative partnerships and effective public policy. Specifically, CFED aims to integrate savings accounts into existing systems serving children and youth, including municipalities, schools, early childhood development programs, college readiness programs, affordable housing and similar networks.
- Video recordings of the 2014 Children's Savings Conference: From Aspirations to Achievement are now available to download on the main conference page. You may find additional information as well as hand-outs for each session on the agenda page.
- CFED is proud to announce the launch of the Children's Savings Network mailing list. This mailing list is designed for practitioners and others in the field interested in the latest news, events, and discussion relating to children's savings. You may sign up for the Children's Savings Network here.
- A landmark study from Washington University in St. Louis’ Center for Social Development (CSD), in collaboration with the state of Oklahoma, found that having college savings accounts for their children not only gave parents hope for the future, but also resulted in improved social-emotional health and development for their children.