"Because I have an IDA, I am/have…" | Percent of Survey Respondents* Agree | Percent of Survey Respondents* Disagree |
---|---|---|
More likely to work or stay employed | 59 | 40 |
More likely to start or expand a business | 57 | 43 |
More likely to buy or renovate a home | 73 | 27 |
More likely to make plans for retirement | 57 | 43 |
More likely to make education plans for children | 60 | 30 |
More likely to make education plans for self | 59 | 42 |
More economically secure | 84 | 16 |
More confident about the future | 93 | 7 |
Source: Amanda Moore McBride, Margaret Lombe, and Sondra G. Beverly, "The Effects of Individual Development Account Programs: Perceptions of Participants," Center for Social Development Working Paper 03-06, 2003.
* Data based on 298 completed surveys of IDA participants at six American Dream Demonstration sites.