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Together We Are Stronger
dc.contributor.authorElliott, William
dc.date.accessioned2025-02-10T19:01:37Z
dc.date.available2025-02-10T19:01:37Z
dc.date.issued2024-10-14
dc.identifier.urihttps://hdl.handle.net/2027.42/195245en
dc.descriptionThe goal of the Financial Independence policy conference held on September 16 and 17, 2024 in Washington, D.C. was to bring together experts from the asset and income fields to share theory, evidence, and best practices. The conference was divided into four sessions. The first two sessions were on Children’s Savings Accounts and Baby Bonds, the asset arm of the conference. The third session focused on the income arm. More specifically, it focused on Unconditional Cash Transfers, the Child Tax Credit, and Child Allowances. The final session focused on why solving poverty requires both asset and income proponents to come together. This policy brief is part of the Coming Together session.en_US
dc.description.abstractIn sum, a financial institution like Children's Savings Accounts (CSAs), which are designed for the poor, is needed. Further, to reach their full potential, CSAs need to be paired with a Baby Bonds type of large federal investment. The opposite is also true; for the kind of investment a policy like Baby Bonds calls for to have the impact sought, it needs to be delivered using the CSA infrastructure. And, finally, to realize CSAs’ full power, to facilitate multiple streams of assets flowing into a child’s account, CSA policy must be designed so that the poor benefit more from this power than the wealthy – that is, CSA policy must place a cap on the amount that can be deposited annually into wealthy children’s accounts.en_US
dc.description.sponsorshipAnnie E. Casey, Charles Stewart Mott Foundation, McKnight Foundation, and the University of Michigan’s School of Social Worken_US
dc.language.isoen_USen_US
dc.rightsAttribution 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/*
dc.subjectChildren's Savings Accountsen_US
dc.subjectAssetsen_US
dc.subjectPovertyen_US
dc.subjectBaby Bondsen_US
dc.subject401 Kids Savings Account Acten_US
dc.subjectInstitutional Change Interventionen_US
dc.titleTogether We Are Strongeren_US
dc.typeConference Paperen_US
dc.subject.hlbsecondlevelSocial Work
dc.subject.hlbtoplevelSocial Sciences
dc.contributor.affiliationumCenter on Assets, Education, and Inclusion at the University of Michigan, School of Social Worken_US
dc.contributor.affiliationumcampusAnn Arboren_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/195245/1/TogetherWeAreStrongerBrief.pdf
dc.identifier.doihttps://dx.doi.org/10.7302/24442
dc.description.filedescriptionDescription of TogetherWeAreStrongerBrief.pdf : Brief
dc.description.depositorSELFen_US
dc.working.doi10.7302/24442en_US
dc.owningcollnameSocial Work, School of (SSW)


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Attribution 4.0 International
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