Brief
Since the 1970s, Americans’ household incomes have become more volatile, fluctuating year-to-year and week-to-week. Increased income volatility is particularly prominent among low-income families, many of whom are served by the U.S. system of means-tested income support programs. These programs provide income, goods, and services to families who prove that their income (and sometimes assets) are low enough to qualify for a particular program and meet other program requirements. At initial application, during benefit receipt, and at recertification periods, each income support program has…
Brief
Using data from the National Survey of Early Care and Education, this brief reports differences in the child care settings foreign-born and US-born parents select for their young children. The authors explore differences in parents’ child care preferences and perceptions and how being an immigrant and having limited English proficiency, among other factors, might influence parents’ interest in and ability to access different child care. (Author abstract)
Brief
The BIAS study results from Indiana and Oklahoma, in addition to an H&R Block FAFSA experiment, suggest that behavioral interventions that are designed to increase active participation in benefitprograms may be more successful if they can incorporate more personal interactions with targetedindividuals. The interventions may be more costly, but may make up for that added cost in being more effective. Springing on the opportunity to complete a form “now” or being able to respond to individuals’ questions, and creating more trust in trying something new, may make an important difference.
Brief
Policymakers looking to provide evidence-based opportunity for Americans should look to matched savings programs, such as individual development accounts. By matching personal saving, individual development accounts (IDAs) improve financial capability while promoting saving for longer-term investment in a home, business or education. A randomized controlled trial evaluation of the federally supported Assets for Independence IDA program found that after one year, participants in the program saw a $657 median increase in new savings (before matching funds); a 34 percent reduction in reported…
