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- W3175702203 abstract "Objective: This systematic review assesses the effects of Children’s Development Accounts (CDAs), an intervention that uses the financial capability approach to build lifelong assets. CDA programs provide a structured opportunity to save for a child to build assets. Method: This systematic review focused on the effects of CDAs on financial outcomes and behaviors. Eligible studies included experimental and quasi-experimental studies reporting outcomes of CDAs that consisted of a savings account paired with financial education for child developmental outcomes, such as postsecondary education. We searched electronic databases, relevant grey literature sources, and reference lists of relevant studies and reviews through May 2020. Two reviewers screened each report for eligibility, extracted data, and assessed risk of bias. Two large research projects with multiple studies and one additional study involving 3,644 participants met inclusion criteria. Results: Two financial behaviors and two financial outcomes were measured. There were insufficient studies measuring the same outcomes at similar time points to conduct meta-analysis, but effect sizes were calculated when possible. Risk of bias varied across studies. Conclusion: There is some evidence that the CDA intervention improves parent or child financial behaviors and/or financial outcomes." @default.
- W3175702203 created "2021-07-05" @default.
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- W3175702203 date "2023-06-01" @default.
- W3175702203 modified "2023-10-18" @default.
- W3175702203 title "Financial Outcomes of Interventions to Improve Financial Capability Through Children’s Development Accounts: A Systematic Review" @default.
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- W3175702203 doi "https://doi.org/10.1086/716103" @default.
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