Publication Date
7-1-2003
Summary
This study examines savings outcomes of single mothers in Individual Development Accounts (IDAs), a structured savings program for the poor. Results indicate that low-income single mothers can save in IDAs. Results also show that participant characteristics, in general, have little impact on savings outcomes. Program variables such as monthly savings target and financial education are linked with savings. Policy implications are discussed.
Document Type
Working Paper
Category
Financial Inclusion
Subarea
Asset Building
Original Citation
Zhan, M. (2003). Savings outcomes of single mothers in Individual Development Accounts (CSD Working Paper No. 03-07). St. Louis, MO: Washington University, Center for Social Development.
Project
American Dream Policy Demonstration (ADD)
Keywords
IDA, individual development account, Women, financial education, saving, savings outcomes, family, ADD, American Dream Demonstration
Recommended Citation
Zhan, M. (2003). Savings outcomes of single mothers in Individual Development Accounts (CSD Working Paper No. 03-07). St. Louis, MO: Washington University, Center for Social Development.
DOI: https://doi.org/10.7936/K7VH5NBD