Jump to ContentJump to Main Navigation
Financial Capability and Asset DevelopmentResearch, Education, Policy, and Practice$
Users without a subscription are not able to see the full content.

Julie Birkenmaier, Jami Curley, and Margaret Sherraden

Print publication date: 2013

Print ISBN-13: 9780199755950

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199755950.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 24 October 2020

Low-Income Parents of Preschool Children

Low-Income Parents of Preschool Children

Financial Knowledge, Attitudes, Behaviors, and Ownership

Chapter:
(p.108) 5Low-Income Parents of Preschool Children
Source:
Financial Capability and Asset Development
Author(s):

Deborah D. Adams

Sondra G. Beverly

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199755950.003.0031

This chapter presents a financial profile of low-income parents who have pre-school children. The families who participated in the study were facing a number of significant economic barriers at the beginning of a four-year college savings program designed to build assets for children. Earlier studies of the program have noted that while very few parents took advantage of financial education opportunities, more than half of the families who had the opportunity to open college savings accounts for their pre-school children did so and about one-third of the parents made deposits from personal resources into those accounts. Do these findings suggest that parents did not need financial education in the context of a progressive asset-building program for their children? It is not thought that the evidence supports this interpretation. As this chapter's analyses of pre-intervention data presented here demonstrate, there were many low-income families in this study who may well have benefitted from parental financial education. Further, the findings suggest the importance of real access to financial products that are appropriately structured and incentivized so that they are truly inclusive of low-income parents of young children.

Keywords:   child development accounts, assets, financial education, low-income families, college savings

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .