Bush’s individual savings proposals fall far short of their potential, says visionary scholar
SherradenThe social work professor who pioneered the idea of Individual Development Accounts (IDAs) — matched savings accounts for low-income Americans — says that President Bush’s new individual savings proposals benefit the wealthy but leave behind the working poor. Michael W. Sherraden, Ph.D., the Benjamin E. Youngdahl Professor of Social Development and director of the Center for Social Development at Washington University in St. Louis, says that President Bush’s proposals to expand individual savings are wise, but fall far short of their potential. Sherraden offers suggestions for making investing opportunities available and profitable to all.
Comparative brilliance
John O. Haley leads the law school’s Whitney Harris Institute.