Strategies

Policies and programs that work

13 Strategies
Clear all

Child development accounts

Establish dedicated child development accounts (CDAs) to build assets over time with contributions from family, friends, and sometimes, supporting organizations; also called children’s savings accounts (CSAs)
Expert Opinion
  • Income
  • Education

Debt advice for tenants with unpaid rent

Offer debt advice from trained providers to tenants with unpaid, overdue rent to help repay debt and increase financial literacy
Some Evidence
  • Income
  • Housing and Transit

Financial education for adults

Provide one-on-one or group adult education programs that cover topics such as basic budgeting, bank use, credit management, bankruptcy, credit building and counseling, homeownership, retirement, divorce, etc.
Insufficient Evidence
  • Income

Functional Family Therapy (FFT)

Introduce a short-term family-based intervention therapy focused on strengths, protective factors and risk factors for youth with delinquency, violence, or substance abuse problems, and their families
Scientifically Supported
  • Community Safety

Individual Development Accounts (IDAs)

Support subsidized asset accumulation programs in which deposits by low and moderate income participants are matched by program sponsors; withdrawals must be used for qualified expenses to retain matching funds
Some Evidence
  • Income

Matched dollar incentives for saving tax refunds

Support programs that provide matched dollar incentives for low or moderate income individuals to place some or all of their tax refund in a savings account
Some Evidence
  • Income

Microfinance & microenterprise

Support programs that provide small loans, usually to disadvantaged individuals, to start or expand a small business, often with business training and other assistance
Insufficient Evidence
  • Income

Multisystemic Therapy (MST) for juvenile offenders

Use an intensive, family- and community-based intervention that addresses individual, family and environmental risk factors that affect antisocial behaviors among serious juvenile offenders
Scientifically Supported
  • Community Safety

Payday loan regulations

Regulate small, short-term loans that must be repaid by a borrower’s next pay day via bans, caps on maximum interest rates and loan amounts, minimum loan terms, truth in lending statements, etc.
Insufficient Evidence
  • Income

Trauma-informed juvenile justice systems

Support a trauma-informed juvenile justice system through staff training and broad adoption of trauma-informed practices and policies
Expert Opinion
  • Community Safety