Early savings for children's higher education: A comparison between savers and non-savers in a Child Development Account program
AbstractThis study examined economic pressure, parenting stress, and personal mastery factors among NÂ =Â 235 lower income parents who had the opportunity to save for their children's future higher education in a children's development account program. Bivariate analyses and structural equation modeling (SEM) were used to test the differences between early savers and non-savers. There were some sociodemographic differences between the groups; however, the overall SEM was invariant between the groups. Data suggest that specific case management services may be critical to help lower-income parents save for their children. Further research needs to identify institutional aspects and household characteristics that explain saving among this poorer households.
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Bibliographic InfoArticle provided by Elsevier in its journal Children and Youth Services Review.
Volume (Year): 33 (2011)
Issue (Month): 9 (September)
Contact details of provider:
Web page: http://www.elsevier.com/locate/childyouth
Accounts Children Development Savings Services;
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- William Meredith, 1993. "Measurement invariance, factor analysis and factorial invariance," Psychometrika, Springer, vol. 58(4), pages 525-543, December.
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