Publication Date
Spring 4-30-2020
Summary
The COVID-19 pandemic has triggered an economic downturn that will likely be worse than the Great Recession, especially for financially vulnerable households. Child Development Accounts (CDAs) were rigorously tested in the 2008-09 recession and produced positive financial and family results. Likewise, CDAs can be expected to have positive impacts on children in financially vulnerable households during and after the COVID-19 pandemic.
To confront this health and economic crisis, this research and policy report examines how CDA research from the previous recession can inform a new kind of social policy to address the current one. The report draws from in-person interviews to provide perspectives from the people affected by the Great Recession, in their own voices. It summarizes findings and recommendations from CDA research to offer policy solutions to invest in the long-term development of all children and families.
Document Type
Research Report
Category
Asset building
Subarea
Asset Building
Original Citation
Sherraden, M., Clancy, M. M., Huang, J., & Beverly, S. G. (2020). Child Development Accounts in the COVID-19 Crisis: Lessons from the Great Recession (CSD Research and Policy Report No. 20-11). St. Louis, MO: Washington University, Center for Social Development.
Project
SEED for Oklahoma Kids
Keywords
COVID-19, child development accounts, SEED OK
Recommended Citation
Sherraden, M., Clancy, M. M., Huang, J., & Beverly, S. G. (2020). Child Development Accounts in the COVID-19 Crisis: Lessons from the Great Recession (CSD Research and Policy Report No. 20-11). St. Louis, MO: Washington University, Center for Social Development.