"The Case For Child Accounts"

The publication, published by The Aspen Institute's Initiative on Financial Security in 2007, describes Child Accounts as providing "a vehicle to start smart savings policy from an early age. By providing a government match for low- and moderate-income Americans, Child Accounts can give every child a jumpstart on financial literacy. Coupled with governmental leadership, members of the private financial sector are instrumental in the implementation of this bold new policy. Creating a generation of future consumers with high financial literacy, savings ability, and financial security is not only imperative for the economic security of this country, but plays a major role in the IFS "cradle-to-grave" approach."