Cities and States Developing Creative Approaches to Fund Children's Savings Accounts
Author: Prosperity Now (formerly CFED)
Topic: Asset building and saving
Publisher: Prosperity Now (formerly CFED)
Location: United States
Format: Brief
Content Type: Tools
Publication Date: September 30, 2016

Children’s Savings Accounts (CSA) are proving to be a powerful tool for growing college funds and building children’s aspirations for their future. CSAs are long-term, incentivized savings or investment accounts for post-secondary education that help promote economic mobility for children and youth. Advocates have found that the idea and goals of CSAs can be appealing to policymakers from across the political spectrum. However, while able to generate initial interest from policymakers, advocates often find that their efforts can stall when it comes to the question of how to fund a program.

This paper provides advocates and policymakers with several funding options—including examples from the city and state-levels—for establishing publicly-supported CSA programs. For more information about CSAs in general, please visit

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