Publication Date
7-1-2004
Summary
Research indicates that marriage has a large effect on reducing the risk of poverty and is associated with a higher probability of attaining affluence over the life course when comparedwith nonmarriage. Using data from the American Dream Demonstration (N = 2,364), this studycompares savings performances of married and unmarried low income participants in a matched savings program – Individual Development Accounts (IDAs). The results indicate that both married and unmarried low income participants can save in IDA programs; however, unmarried participants are saving less than married participants. We further examine possible factors that are associated with savings performance for these two groups. Implications for policy makers and program administrators to better address the needs of unmarried participants are given.
Document Type
Working Paper
Category
Financial Inclusion
Subarea
Asset Building
Original Citation
Grinstein-Weiss, M., Zhan, M., & Sherraden, M. (2004). Saving performance in Individual Development Accounts: Does marital status matter? (CSD Working Paper No. 04-01). St. Louis, MO: Washington University, Center for Social Development.
Project
American Dream Policy Demonstration (ADD)
Keywords
ADD, American Dream Demonstration, IDA, individual development account, savings, savings performance, marital status
Recommended Citation
Grinstein-Weiss, M., Zhan, M., & Sherraden, M. (2004). Saving performance in Individual Development Accounts: Does marital status matter? (CSD Working Paper No. 04-01). St. Louis, MO: Washington University, Center for Social Development.
DOI: https://doi.org/10.7936/K7ZK5G7M