Back 

LB Individual Development Accounts

Individual Development Accounts

By Qiana Torres Flores | Vol . 21, No. 02 / January 2013

NCSL NewsAlmost half of all U.S. households are not confident that they could obtain $2,000 within 30 days if a financial emergency arose. This lack of savings can result in financial hardship for families that face sudden crises such as a job loss or health emergency. Most public programs designed to support low-income families only emphasize increasing earnings. An asset building framework, however, encourages families to establish savings and accumulate assets, in addition to income, to gain economic stability so that they are better able to weather financial setbacks and accomplish their goals.

Read more

Order and download the PDF now.

Share this: 
NCSL Summit 2014
We are the nation's most respected bipartisan organization providing states support, ideas, connections and a strong voice on Capitol Hill.

NCSL Member Toolbox

Denver

7700 East First Place
Denver, CO 80230
Tel: 303-364-7700 | Fax: 303-364-7800

Washington

444 North Capitol Street, N.W., Suite 515
Washington, D.C. 20001
Tel: 202-624-5400 | Fax: 202-737-1069

Copyright 2014 by National Conference of State Legislatures