*Media Advisory* How Low-Income Households Can Build Assets

WHAT: Child Development Accounts: A Research and Policy Symposium

WHEN: Thursday, Nov. 13, 8 a.m. to 6 p.m.
Friday, Nov. 14, 8 a.m. to Noon

WHERE: Chase Park Plaza Hotel
212 N. Kingshighway
St. Louis, Mo.

Who: Federal Reserve banks of St. Louis, New York and San Francisco; the Center for Social Development at Washington University; and the New America Foundation

Why: For many Americans, a college education is essential for economic stability, but most families have to look beyond their regular sources of income to meet the financial demands of college expenses. Options include asset accumulation before college, college aid, and/or debt. College aid, however, has been in a long decline and asset accumulation is more attractive than going into debt. This symposium will bring together internationally recognized experts to offer suggestions on how "child development accounts" (CDAs) can make a college education a reality.

One of the primary presenters will be Michael W. Sherraden, the Benjamin E. Youngdahl professor of social development at the George Warren Brown School of Social Work at Washington University in St. Louis. Sherraden is a national expert in individual development accounts, asset-building, community and family development, productive aging, social and economic development, and welfare reform. He has served as an adviser and consultant to the White House, the U.S. Treasury, the Department of Housing and Urban Development, the Department of Health and Human Services, the Progressive Policy Institute and the Carnegie Council.

View agenda.

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