Since 2005, the United Kingdom has given every child born on or after September 1, 2002, a Child Trust Fund (CTF) – an investment account for building the savings capacities of children and families as well as for giving all children a financial asset to fund their transition to adult life. The IFS proposal for child accounts in the United States is modeled after this public-private sector partnership. Written in collaboration with the Institute for Public Policy Research in the U.K., this issue brief – an abbreviated version of a forthcoming paper — looks at the early results of the U.K.’s program and examines some of the lessons that the U.S. can learn as it considers its own initiative.
The U.K. Child Trust Fund: Early Results
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