Reinventing Children's Savings Accounts to Address the Racial Wealth Divide
Children’s Savings Accounts (CSAs) are a promising way to increase access to higher education and brighter economic prospects. But in their current form, can they address America’s racial wealth divide? In a new paper, we examine how CSAs can be re-configured to fight racial wealth inequity. We also provide original data on the racial breakdown of CSA accountholders.