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Children’s savings accounts were designed to improve social mobility, but do they work?

Encouraging low-income families to squirrel away money for their children’s future sounds like a great way to help kids achieve financially stability. But children’s savings account programs may not be doing much to level the playing field for people of color in the U.S.

A new report from Prosperity Now (formerly the Corporation for Enterprise Development), a nonprofit based in Washington, D.C., s…
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