Our future is stronger with Children’s Savings Accounts (CSA)
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Our future is stronger with Children’s Savings Accounts (CSA)

A quick glance at Michigan’s growing CSA field By Brian Rakovitis, manager of financial empowerment initiatives Removing barriers to postsecondary attainment in Michigan provides more opportunities for low- and moderate-income communities, improves the quality of life for residents, and helps combat inequality. Savings play an important role in achieving increased attainment. Studies have found that...

Small-dollar savings lead to big rewards: What Michigan can learn from the UK’s Child Trust Fund
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Small-dollar savings lead to big rewards: What Michigan can learn from the UK’s Child Trust Fund

By Brian Rakovitis, manager of financial empowerment initiatives Nearly two decades ago the United Kingdom government decided to invest in its future (and its youth) by opening savings accounts for every child before their first birthday. As Michigan communities pursue similar initiatives, this program provides further evidence for what we already know: small-dollar savings lead...

Welcome, LEO: New state department provides momentum to tackle economic opportunity challenges
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Welcome, LEO: New state department provides momentum to tackle economic opportunity challenges

By Luke Forrest, executive director This week marks the official start date of Michigan’s newest state agency, the Department of Labor and Economic Opportunity (LEO). It’s not an event that seems to have garnered much attention, which maybe isn’t surprising given that it’s August—it’s been more than two months since the department was first announced,...

Lapeer County Community Foundation Launches Child Savings Account Initiative
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Lapeer County Community Foundation Launches Child Savings Account Initiative

      Lapeer County Community Foundation Launches Child Savings Account Initiative FOR IMMEDIATE RELEASE Lapeer County, Michigan – The Lapeer County Community Foundation (LCCF) is pleased to announce the Lapeer County Education Attainment Fund (LEAF). Beginning this fall, every kindergartener in the county will have an education savings account at ELGA Credit Union. The...

Anthony Introduces Resolution to Promote Child Savings Accounts
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Anthony Introduces Resolution to Promote Child Savings Accounts

FOR IMMEDIATE RELEASE Friday, Dec. 21, 2018 Contact: Rep. Sarah Anthony Phone: (517) 373-0826 Legislator hopes to increase the awareness of the benefits of CSAs LANSING — State Rep. Sarah Anthony (D-Lansing) introduced House Resolution 479 today, which designates December 21 as Children’s Savings Account Awareness Day. Children’s Savings Accounts (CSAs) offer several benefits for families, including the...