Household Spending Patterns and Hardships during COVID-19: A Comparative Study of the U.S. and Israel

Abstract The combined supply and demand shocks of the COVID-19 pandemic have created the largest consumer behavior shift in recent history, while exposing millions of households to material hardships like food insecurity and housing instability. In this study, we draw on national surveys conducted early in the pandemic to investigate the pandemic’s effects on self-reported […]

Challenges and Opportunities in Developing Child Savings Programs in Israel and Uganda: Oct. 15

From 10:00 a.m. to 11:30 a.m. (CT) on Oct. 15, join the Social Policy Institute (SPI), the International Center for Child Health and Development (ICHAD), and the Next Age Institute (NAI) for a discussion about asset building for long-term child development and CSA programs—with the particular focus on CSAs in Israel and Uganda, which differ greatly in their structure.

The Saving for Every Child Program in Israel: an overview of a universal asset-building policy

In 2017, the Israeli government implemented a universal child development account programme – the Saving for Every Child Program (SECP) – which establishes a personal savings account for every Israeli child and provides monthly deposits until the child turns 18. The SECP has the potential to provide substantial assets when children reach adulthood, but the […]

Enrollment and participation in a universal child savings program: Evidence from the rollout of Israel’s National Program

Child Development Accounts (CDAs) are savings or investment accounts typically opened at birth or during a child’s early years with the aim of promoting savings and asset accumulation for child development purposes, such as post-secondary education or homeownership. Beginning in January of 2017, the Israeli government established a universal CDA program called the Saving for […]