KU & UNM Researchers Here to Study Prosperity Kids™
This month Prosperity Works hosts two teams of researchers studying the impact of Prosperity Kids,™ our child savings account initiative.
National experts on Child Savings Accounts from Kansas University, School of Social Welfare, overseen by Dr William Elliot III, a leading researcher in the field of children’s savings and college matriculation and success. Dr. Elliott is also the founder of the Assets and Education Initiative (AEDI) a Center in KU’s School of Social Welfare.
Local experts from our home team of researchers, UNM Center for Education and Policy Research (CEPR) are here as well.
It has been a pleasure to have Prosperity kids and their families coming in and our of our office for interviews. Our side porch and yard have been filled with kids playing and every available space, including the courtyard when it’s not raining, have been occupied for interviews.
Prosperity Kids™ is the focus and driver of a dual generation, collective impact approach to improve educational, social, and economic opportunities and outcomes for children and their families.
In past studies of CSAs in other states, Dr. Elliot has found that kids with savings in their own names are 3 times more likely to enroll in college and 4 times more likely to graduate!
The researchers are here at Prosperity Works to establish baseline information to compare over time and with populations who are similar but not being served by the Prosperity Kids™ initiative.
The study will:
1. examine the college savings outcomes for eligible students and their parents/grandparents who receive a CSA (how much do students and their families contribute every year to the savings account?)
2. compare the self-regulatory behaviors in school of students who receive a CSA compared with students who do not receive a CSA (impact on school attendance).
3. examine student achievement for those who receive a CSA compared with students who do not receive a CSA (Do students in Grades 3-6 who receive CSAs via Prosperity Kids demonstrate higher mathematics and reading proficiency relative to their counterparts who do not receive a CSA?
Another important area the study will address is the presence and extent of future orientation. Questions address whether children have plans for their future. For example, do they plan to go to college? What do they plan to be when they grow up?
Welcome CCPR, KU, and Albuquerque kids and families!