ERIC Number: EJ772514
Record Type: Journal
Publication Date: 2007
Pages: 10
Abstractor: Author
ISBN: N/A
ISSN: ISSN-1532-8759
EISSN: N/A
Youth Individual Development Accounts: Retirement Planning Initiatives
Shobe, Marcia A.; Sturm, Stephanie L.
Children & Schools, v29 n3 p172-181 2007
Given the growing interest in a privatized Social Security system and the lack of adequate retirement planning among many people in the United States, many households are often ill prepared for retirement. The outlook for low-income populations is even bleaker because they are often not privy to the same financial education and asset-building opportunities afforded to middle- and upper-income households. One way to help low-income individuals to obtain a head start on retirement planning is to make financial education and asset-building opportunities more readily available for youths. Social workers can help formulate youth retirement planning policy and program initiatives. This article reviews retirement planning trends, historical asset-building initiatives, and financial education programs in the United States and sets forth a proposal to expand on current social policy and program initiatives for youths to increase long-term financial planning among underserved populations.
Descriptors: Youth, Social Work, Retirement, Money Management, Low Income Groups, Youth Programs, Retirement Benefits, Long Range Planning, Policy Formation, Program Descriptions, Family Financial Resources, Family Income, Financial Services, Educational Policy
National Association of Social Workers (NASW). 750 First Street NE Suite 700, Washington, DC 20002. Tel: 800-227-3590; e-mail: press@naswdc.org; Web site: http://www.naswpress.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Elementary Secondary Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A