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American Dream Demonstration Evaluation

University of North Carolina at Chapel Hill

  • Program Education
  • Program Area Expanding Economic Opportunity
  • Grant Amount $170,000
  • Grant Period October 1, 2008–September 30, 2011
  • Location Chapel Hill, NC, United States
  • Geographic Focus United States

About this grant

The American Dream Demonstration, which ran from 1998 to 2002, was a large-scale, experimental study assessing the efficacy of Individual Development Accounts. Results from the demonstration helped propel bipartisan interest in increasing the savings and wealth of low-income households as a strategy to complement traditional, income-based poverty alleviation programs. This grant will enable researchers at the University of North Carolina at Chapel Hill to collect a fourth wave of survey data in order to assess the long-term impacts from the demonstration. The study will provide policymakers, practitioners, and researchers with the first evidence on the long-term impacts and cost effectiveness of Individual Development Account programs.