CSAs are long-term savings or investment accounts that help children (ages 0-18) and their families, especially those from low-income families, build savings for the future. CSAs:
- Provide incentives to grow savings, such as initial deposits, savings matches or prize-linked savings.
- Are usually used for postsecondary education (e.g. college, vocational/technical schools), though other possible uses include homeownership and financing a small business.
By 2020, nearly two-thirds of jobs will require a postsecondary degree. Expanding access to postsecondary education is critical to ensuring the economy works for everyone, not just those at the top.
CSA programs send all children the message that they have the potential and the support needed for academic success and economic mobility.
An interactive guide to help organizations, cities, counties and states design successful Children’s Savings programs.