William Elliott Discusses New York City’s Child Savings Account Program

Professor William Elliott is quoted in a New York Times article about the effects of Child Savings Accounts. New York City has announced a pilot program in which a savings account with $100 will be opened for every public school kindergartener. Elliott describes how even these small amounts can significantly increase a child’s likelihood of going to college, in part by offering students and parents a sense of both possibility and control. “They feel like they can change their destiny and their future,” he said.