ASPIRE Act/KIDS Accounts: Recent and Upcoming Events

KIDS Accounts

Communications — Wed, 03 Oct 2007 09:00:00 -0400

A New America Event
10/03/2007 - 2:00pm

An unlikely group of legislators, spanning the full political spectrum, is proposing a fresh, long-term response to the challenges of saving, financial education, and retirement security: KIDS Accounts.

By providing every newborn child a savings account at birth, with matching deposits for lower-income children, KIDS Accounts will create a national culture of savings and investing, promote financial education, and encourage life-long asset accumulation-especially higher education, homeownership, and a nest-egg for retirement.

There could not be… more

Children's Savings Accounts

Communications — Wed, 27 Sep 2006 20:50:00 -0400

A New America Event
09/27/2006 - 9:15am

America’s personal savings rate is abysmally low. Last year the personal savings rate was negative, the lowest annual rate since the Great Depression. Whether the objective is to promote retirement security, improve educational attainment or increase financial literacy, the need to increase household savings is vitally clear.

Children’s Savings Accounts (CSAs), which can be established automatically at birth, are gaining momentum as they form the base of many new and exciting proposals to increase savings. Many believe that CSAs hold great… more

Solutions for Increasing Savings, Ownership and Retirement Security

Communications — Tue, 14 Jun 2005 11:00:00 -0400

A New America Event
06/14/2005 - 12:00pm

Over 100 people, including key congressional staffers, leaders from the financial community, and policy advocates attended Solutions for Increasing Savings, Ownership and Retirement Security, co-sponsored by the New America Foundation and the Retirement Security Project, in conjunction with the Congressional Savings and Ownership Caucuses. Senator Jon Corzine (D-NJ), Congressman Philip English (R-PA), Congressman Harold Ford (D-TN) and Congressman Jim Cooper (D-TN) were active participants throughout the half-day conference, bolstering an event that included many of the pre-eminent scholars on… more

KIDS Accounts: Long-Lasting Solutions to Financial Education, Savings, and Retirement Security

Communications — Thu, 26 May 2005 21:00:00 -0400

A New America Event
05/26/2005 - 12:05pm

An unlikely group of legislators, spanning the full political spectrum, is proposing a fresh, long-term response to the challenges of financial education, saving, and retirement security: KIDS Accounts.

Bipartisan Group Introduces "KIDS Account" Bill Providing $500 Savings Accounts for All American Children

Communications — Thu, 21 Apr 2005 12:00:00 -0400

A New America Event
04/21/2005 - 12:00pm

The America Saving for Personal Investment, Retirement, and Education Act (The ASPIRE Act) will provide a KIDS Account for every child born after December 31, 2006. Each account will be endowed with a one-time $500 contribution, and children in households earning below the national median income will be eligible for a supplemental contribution of up to $500. The accounts will be supported by incentives designed to encourage savings, promote financial literacy, and expand asset-building opportunities. The legislation is based on… more

Learning from the U.K.? Building Financial Security for American Children

Communications — Tue, 28 Oct 2003 11:00:00 -0500

A New America Event
10/28/2003 - 12:00pm

Children's investment accounts are gaining political momentum throughout the world. The United Kingdom recently enacted a universal Children's Trust Fund initiative, Singapore funds child development accounts throughout a system of Baby Bonuses, and various proposals have emerged in the United States. Join our panelists and invited legislators as they consider the concept and highlight a new groundbreaking initiative to test progressive saving and asset building for all American children.

More than a third of the children born each year… more