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American Dream Demonstration
In banking, the American Dream Demonstration (ADD) was a program proxy developed to test the potential impact of Individual Development Accounts (IDA) and ran from 1997-2002. During its tenure, the ADD program demonstrated through 2,377 accounts, that IDAs can be delivered effectively by a wide range of community organizations and financial institutions. The ADD initiative was evaluated by eight different research methods including implementation assessment, participant case studies, cross sectional-survey, monitoring, in-depth interviews, cost analysis, experimental impact evaluation and assessment of community effects. Individual families During the six-year ADD demonstration, 2,364 low-income individuals became accountholders. It was evaluated that those with the lowest incomes in ADD’s saved more than those who earned more, with 46% were below the poverty line and 21% at less than half of the poverty line. Incomes averaged $9,843 for a single person and $16,687 for a family ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset-based Egalitarianism
Asset-based egalitarianism is a form of egalitarianism which theorises that social equality, equality is possible by a redistribution of resources, usually in the form of a Financial capital, capital grant provided at the age of majority. Names for the implementation of this theory in policy include universal basic capital and stakeholding, and are generally synonymous within the equal opportunity egalitarian framework.Cunliffe, J & Erreygers, G (2004) The Origins of Universal Grants: An Anthology of Historical Writings on Basic Capital and Basic Income Historical development The idea has been around since Thomas Paine (January 29, 1737 – June 8, 1809) in his work ''Agrarian Justice'' 1795, and complemented his other thesis of basic income. Two independent schools of thought were developed on the subject, involving individuals from the American labor movement and scholars of the Belgian School. However, the same reasoning (given by both schools) behind the basic capital proposa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saving For Education, Entrepreneurship, And Downpayment
Saving for Education, Entrepreneurship, and Downpayment (SEED) Policy and Practice Initiative is an American long-term savings and investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ... account policy and practice endeavor that develops, tests and impels matched savings accounts and financial education for children and youth. The SEED accounts are installed at birth with an initial deposit of $1,000, and accumulates over the span of a lifetime. All the money will be invested in children’s savings accounts for future purposes. Established in 2003, the SEED initiative accrues deposits from family, friends, and accountholders themselves, as well as augmented by other public and private sources. Each voluntary contribution from any public or private sector should be invented ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
