Strategies

Establish publicly funded investment accounts for every newborn, accessible at age 18

Provide financial assistance to working parents, or parents attending school, to pay for child care

Build assets through child development accounts (CDAs) with contributions from a sponsoring organization, such as government agencies or nonprofits, and family, friends; also called children’s savings accounts (CSAs)

Expand federal or state child tax credits by increasing credit amounts, making credits refundable, decreasing or eliminating the earnings threshold, or creating a fully refundable supplement

Restrict child-focused advertising for unhealthy foods and beverages via bans on unhealthy food and drink ads during children’s TV programs, product placement in children’s movies, etc.

Support financial institutions providing services to underserved and disadvantaged communities

Assign higher costs to non-nutritious foods than nutritious foods via incentives, subsidies, or price discounts for healthy foods and beverages or disincentives or price increases for unhealthy choices

Offer debt advice from trained providers to tenants with unpaid, overdue rent to help repay debt and increase financial literacy

Expand refundable earned income tax credits for working individuals and families with low to moderate incomes

Provide education on basic budgeting, bank use, credit management, bankruptcy, credit building and counseling, homeownership, retirement, divorce, etc.