Purpose: Driven by a desire to improve the financial well-being of lower-income households, financial capability interventions are gaining attention in practice and public policy. IDAs are a financial capability intervention designed to build family assets through incentivized savings. Method: This systematic review focuses on financial capability interventions that provide Individual Development Accounts (IDAs), a restricted-used savings account paired with financial education. Eligible studies included financial education and a matched saving account to be used for a financial asset purchase. Results: Three large research projects with multiple studies and one additional unique study published through May 2020 were eligible for study inclusion. Results suggest that, thus far, there is mixed evidence on IDAs effects on financial behaviors or financial outcomes. Conclusion: Our review suggests the need for additional studies that use rigorous research designs that investigate the IDAs effects on financial behaviors and outcomes.
Using culturally appropriate, trauma-informed support to promote bicultural self-efficacy among resettled refugees: A conceptual model
Resettled refugees face pressure to integrate successfully into the culture of their resettlement country within a relatively short period of time. Though successful integration is important, research has shown that ethnic identity and participation in the ethnic culture of origin play a key role in supporting the mental health of resettled refugees. This paper presents…