Early savings for children's higher education: A comparison between savers and non-savers in a Child Development Account program

David Okech, Todd D. Little and Trina Williams-Shanks

Children and Youth Services Review, 2011, vol. 33, issue 9, 1592-1598

Abstract: This study examined economic pressure, parenting stress, and personal mastery factors among NÂ =Â 235 lower income parents who had the opportunity to save for their children's future higher education in a children's development account program. Bivariate analyses and structural equation modeling (SEM) were used to test the differences between early savers and non-savers. There were some sociodemographic differences between the groups; however, the overall SEM was invariant between the groups. Data suggest that specific case management services may be critical to help lower-income parents save for their children. Further research needs to identify institutional aspects and household characteristics that explain saving among this poorer households.

Keywords: Accounts; Children; Development; Savings; Services (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eee:cysrev:v:33:y:2011:i:9:p:1592-1598

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