Children's Savings Account Policy Campaign
Rural Dynamics, Inc. is proud to announce its recent partnership with the Corporation for Enterprise Development's Saving for Education, Entrepreneurship and Downpayment (SEED) Policy and Practice Initiative. This partnership is designed to explore the possibility of and build support for asset building and financial literacy through universal children's savings account legislation during the 2011 Montana legislative session.
What are Children's Savings Accounts?
- Investment accounts, funded initially by a modest government contribution, given to each child at birth.
- Parents and friends can contribute to the account over the course of the child's life.
- Upon reaching age 18, the child is able to access the savings in the account to be used for the transition to adulthood.
On May 28th, 2009 RDI hosted an informational session about Children's Savings Account policy in Helena, which was attended by a variety of professionals interested in asset building strategies. The session provided a forum to share experiences with asset building work and ideas for promoting savings and financial literacy through children's savings account policy in Montana.
RDI will continue to develop support for children's savings accounts at a series of community meeting across the state in the coming months! For more information, contact:
Since 2003, CFED has administered the Saving for Education, Entrepreneurship, and Downpayment (SEED) Policy and Practice Initiative. SEED is a multi-year, national initiative to develop, test, and impel matched savings accounts and financial education for children and youth. The initiative seeks to set the stage for universal, progressive American policy for asset building among children, youth, and families.