More Than a Penny Saved: Long-Term Changes in Behavior Among Savings Program Participants
This article examines the levels of savings of former participants in a matched savings program. Findings from a survey of Individual Development Account (IDA) participants and a general low-income population sample show that participants who successfully completed the savings program report higher...
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| Veröffentlicht in: | The Journal of consumer affairs 2010-03, Vol.44 (1), p.98-126 |
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| container_end_page | 126 |
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| container_issue | 1 |
| container_start_page | 98 |
| container_title | The Journal of consumer affairs |
| container_volume | 44 |
| creator | LOIBL, CÄZILIA GRINSTEIN-WEISS, MICHAL ZHAN, MIN RED BIRD, BETH |
| description | This article examines the levels of savings of former participants in a matched savings program. Findings from a survey of Individual Development Account (IDA) participants and a general low-income population sample show that participants who successfully completed the savings program report higher household savings than both participants who left the program early and a non-participant comparison group, suggesting that successful completion of an IDA program may improve the financial dispositions and behaviors associated with long-term savings. Three predictors of saving behavior emerged: access to the financial mainstream, individual psychological disposition, and the presence of children in the household. |
| doi_str_mv | 10.1111/j.1745-6606.2010.01159.x |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0022-0078 |
| ispartof | The Journal of consumer affairs, 2010-03, Vol.44 (1), p.98-126 |
| issn | 0022-0078 1745-6606 |
| language | eng |
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| source | Jstor Complete Legacy; Wiley Online Library Journals Frontfile Complete; PAIS Index; EBSCOhost Business Source Complete |
| subjects | Checking accounts Consumer affairs departments Consumer psychology Credit cards Demography Financial investments Financial management Household saving Low income groups Savings Savings accounts School dropouts Studies |
| title | More Than a Penny Saved: Long-Term Changes in Behavior Among Savings Program Participants |
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