Savings and Asset Accumulation in Individual Development Accounts

Many policymakers argue that the best poverty policy not only provides cash to the poor for subsistence but also incentives and structures that encourage long-term social and economic improvement. As part of this, they make the case for Individual Development Accounts (IDAs), a new policy proposal designed to help the poor save and to build assets. IDAs are matched savings accounts targeted on low-income, low-wealth individuals. Savings in IDAs are used for home ownership, post-secondary education, small business development, and other purposes. Do IDAs work? If they do, for whom? And does how an IDA is designed determine savings outcomes? Can the Poor Save? explores questions such as these concerning IDAs to determine their effectiveness.Sherraden, Michael is the author of 'Savings and Asset Accumulation in Individual Development Accounts', published 2005 under ISBN 9780202307374 and ISBN 0202307379.