Strategies

Provide all individuals with regular cash transfers, without conditions, over their lifetimes

Return the rights to land, property, and resources to Native people as part of policies and initiatives that promote tribal sovereignty

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

Support financial institutions providing services to underserved and disadvantaged communities

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

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

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

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)

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

Adopt policies that allow custodial parents who receive Temporary Assistance for Needy Families (TANF) to collect all child support paid by the non-custodial parent; no portion is retained by the state