@article{405ccd0b70fd483ca38e77b3c1a790c2,
title = "Early savings for children's higher education: A comparison between savers and non-savers in a Child Development Account program",
abstract = "This study examined economic pressure, parenting stress, and personal mastery factors among N = 235 lower income parents who had the opportunity to save for their children's future higher education in a children's development account program. Bivariate analyses and structural equation modeling (SEM) were used to test the differences between early savers and non-savers. There were some sociodemographic differences between the groups; however, the overall SEM was invariant between the groups. Data suggest that specific case management services may be critical to help lower-income parents save for their children. Further research needs to identify institutional aspects and household characteristics that explain saving among this poorer households.",
keywords = "Accounts, Children, Development, Savings, Services",
author = "David Okech and Little, {Todd D.} and Trina Williams-Shanks",
note = "Funding Information: Saving for Education, Entrepreneurship, and Downpayment (SEED) is a policy, practice and research initiative designed to test the efficacy of and inform policy for a national system of asset-building accounts for children and youth. SEED is led by six national partners: CFED, the Center for Social Development at Washington University in St. Louis, the University of Kansas (KU) School of Social Welfare, the New America Foundation, the Initiative on Financial Security of the Aspen Institute, and RTI International. Support for the SEED initiative is funded by the Ford Foundation, Charles and Helen Schwab Foundation, Jim Casey Youth Opportunity Initiative, Citigroup Foundation, Ewing Marion Kauffman Foundation, Charles Steward Mott Foundation, Richard and Rhoda Goldman Fund, MetLife Foundation, Evelyn and Walter Haas, Jr. Fund, Lumina Foundation for Education and the Edwin Gould Foundation for Children. ",
year = "2011",
month = sep,
doi = "10.1016/j.childyouth.2011.03.025",
language = "English",
volume = "33",
pages = "1592--1598",
journal = "Children and Youth Services Review",
issn = "0190-7409",
number = "9",
}