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Building Savings for Success: Early Impacts From the Assets for Independence Program Randomized Evaluation.

Publication Year: 
Personal Author: 
Mills, Gregory B.
McKernan, Signe-Mary.
Ratcliffe, Caroline.
Edelstein, Sara.
Pergamit, Mike.
Braga, Breno.
Hahn, Heather.
Elkin, Sam.
Corporate Author: 
United States Administration for Children and Families. Office of Planning, Research and Evaluation.
Urban Institute.
Technical Report
Page Count: 

Individual development accounts (IDAs) help low-income families save by matching their personal savings for specific investments, such as a first home, business capitalization, or higher education and training. The Assets for Independence (AFI) program is a federally supported IDA grant program authorized under the Assets for Independence Act of 1998. Our evaluation at two sites—Albuquerque and Los Angeles—shows that AFI is increasing low-income participants’ savings one year into the program. (Author abstract)

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