Publication Date

5-22-2024

Summary

This Perspective presents testimony given by Dr. William Elliott during “Child Savings Accounts and Other Tax-Advantaged Accounts Benefiting American Children,” a hearing before the U.S. Senate Committee on Finance, on May 21, 2024. Noting findings from children’s account research―including findings from the SEED for Oklahoma Kids experiment conducted by the Center for Social Development―Dr. Elliott discusses the 401Kids Savings Account Act and the American Opportunity Accounts Act, as well as proposals for Child Savings Accounts, Baby Bonds, Child Development Accounts.

Document Type

Perspective

Category

Financial Inclusion

Subarea

Asset Building

Original Citation

Elliott, W. (2024, May). Child Savings Accounts and other tax-advantaged accounts benefiting American children: Testimony Before the U.S. Senate Committee on Finance (CSD Perspective No. 24-05). Washington University, Center for Social Development, & University of Michigan, Center on Assets, Education, and Inclusion. https://doi.org/10.7936/ezhm-qb08

Project

SEED for Oklahoma Kids

Keywords

Child Development Accounts ; Baby Bonds ; Child Savings Accounts ; SEED for Oklahoma Kids (SEED OK); policy ; United States ; 401Kids Savings Account Act ; American Opportunity Accounts Act ;

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