Children’s Savings Accounts Offer Hope

Associate Professor Terri Friedline and Professor William Elliott spoke with the Guardian about the benefits of children’s savings accounts, which extend beyond saving money for college.  Research shows that these accounts positively affect the social emotional development of kids and encourages families to build other assets. “It’s not because they’re getting money in their hands, it’s more about understanding their kids have a better future,” said Elliott. “What assets give you is tangible hope.”