New America Foundation (CSAs)
June 28, 2011
A Lesson from the Global Assets Project
A common critique about children's savings accounts is that children have little of their own money to save. Advocates of children's savings contend that children are agents, capable of saving and should be offered opportunities to do so; however, critics propose that children's savings accounts as they stand may reproduce existing asset inequalities because children may benefit when their parents have access to more financial resources. Simply stated, where will children - particularly those whose parents have little financial resources - get the money to save? International children's savings innovations are answering this question in a variety of ways, such as by advocating for the linkage between CCTs and savings accounts.