Low-income participants experience greater positive financial, psychological, and cognitive outcomes of saving in IDAs than controls. The study contributes to knowledge about poverty alleviation, capacity-building, and empowerment.
Sherraden, M. S., Williams Shanks, T., McBride, A. M., & Ssewamala, F. M. (2004). Overcoming poverty: Supported saving as a household development strategy (CSD Working Paper No. 04-13). St. Louis, MO: Washington University, Center for Social Development.
American Dream Policy Demonstration (ADD)
ADD, American Dream Demonstration, empowerment, IDA, individual development account, saving, household development, anti-poverty, institutional support
Sherraden, Margaret S., "Overcoming Poverty: Supported Saving as a Household Development Strategy" (2004). Center for Social Development Research. 293.