Publication Date



In November 2015, Israel enacted legislation to create and fund a Child Development Account program. Beginning in 2017, every baby born to an insured Israeli resident will receive a Child Development Account in his or her name. This brief details the policy, which was developed in collaboration with researchers at the Center for Social Development, and offers recommendations to guide its implementation.

Document Type

Policy Brief


Financial Inclusion


Global Asset Building

Original Citation

Grinstein-Weiss, M., Covington, M., Clancy, M. M., & Sherraden, M. (2016, April). A savings account for every child born in Israel: Recommendations for program implementation (CSD Policy Brief No. 16-11). St. Louis, MO: Washington University, Center for Social Development.


Israel: Asset Building Policy and Child Development Accounts


Israel, CDA, child development account, child development, asset building, asset effects, asset holding, asset ownership, assets, child savings account, children, economic mobility, economic opportunity, financial capability, financial education, homeownership, housing, IDA, inclusion, inclusive policy, individual development, individual development account, institutional features, policy, policy design, post-secondary education, saving, savings, well-being