Publication Date

10-1-2004

Summary

This research report is the second of a three-part series aimed at developing a greater understanding of older adults and their use of Individual Development Accounts (IDAs). The intent of this second report is to answer the following question: What individual and IDA program characteristics are associated with saving outcomes among older adults participating in IDA? These questions are answered using data from the American Dream Demonstration programs (ADD), the first nation-wide evaluation of IDAs as tools for asset building and community development. In this report, comparisons are made between older (50 years or older) and younger (49 years or younger) adults for the purpose of identifying variations in IDA participation by age.

Document Type

Research Report

Category

Financial Inclusion

Subarea

Asset Building

Original Citation

Putnam, M., Morrow-Howell, N., Zhang, L., Sherraden, M. (2004). Savings outcomes of older adults participating IDAs: Findings from the American Dream Demonstration (CSD Research Report). St. Louis, MO: Washington University, Center for Social Development.

Project

American Dream Policy Demonstration (ADD)

Keywords

IDAs, American Dream Demonstration, older adults, retirement, savings

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