CalKIDS Institute at UCLA
Committed to economic equity, higher education access, and the financial well-being of families.
The CalKIDS Institute at UCLA amplifies, strengthens, and evaluates the new statewide children’s savings account program, the California Kids Investment & Development Savings Program (CalKIDS). The Institute is committed to economic equity, higher education access, and the financial well-being of families.
The CalKIDS program provides assets to everyone! It jumpstarts saving for college and career. Newborns and eligible students get a CalKIDS college savings account with an initial seed deposit, and parents can open parallel family accounts and make additional contributions.
Upcoming events
The Asset Building Clinic, CalKIDS Institute at UCLA, and East Los Angeles Community Corporation warmly invite you to an engaging and informative master class, “Clinical Skills for Financial Capability & Asset Building Practice: Through Trauma to Hope.”
Join us to deepen your understanding of trauma-informed approaches to financial wellness and social work and gain practical skills to effectively connect individuals and communities with asset-building programs such as CalKIDS.
Friday, April 25, 2025
10:00 AM – 2:00 PM (Registration and refreshments begin at 9:00 AM)
East LA Community Corporation
Check out this recap on the California’s Early Wealth Account System Summit!
California Early Wealth Accounts System Plan
The CEWAS Plan will offer a comprehensive, strategic roadmap for those working in asset building and financial wellness, with a dedicated focus on the well-being and future prosperity of California’s children. It provides a path forward for advancing CalKIDS, local CSA programs, and HOPE Accounts, with targeted strategies in the areas of Partnerships, Communications, Building Account Balances, and Data & Technology.
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Recent News about CalKIDS
FEATURED
UCLA CalKIDS Institute and Asset Building Clinic (ABC) Share Promising Practices for Financially Empowering CA Children
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Recent News about CalKIDS
FEATURED
Empowering Students Through Financial Literacy: CalKIDS Institute Joins AAP’s Freshmen Transfer Summer Program and Open House
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Recent News about CalKIDS
FEATURED
Financial Literacy for Success: AAP GPS Partners with CalKIDS Institute and HowMoneyWorks at UCLA
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401 Kids Savings Act
We are excited to highlight one of the latest initiatives aimed at providing economic opportunity for every American child: the 401Kids Savings Act. Championed by U.S. Senator Bob Casey and colleagues, this groundbreaking bill proposes the creation of children’s savings accounts (CSAs) for all children across the nation.
What is the 401Kids Savings Act?
The 401Kids Savings Act seeks to address the challenges faced by families grappling with rising costs. It aims to establish CSAs for every child in America, managed by state Treasurers. These accounts would provide a financial cushion for children from all backgrounds, enabling them to pursue education, entrepreneurship, homeownership, and retirement security.
For additional information on the 401Kids Savings Act, explore the full report here.
References/Sources Pulled from
Baby Bonds
Baby Bonds, introduced by U.S. Senator Cory Booker (D-N.J.) and U.S. Representative Ayanna Pressley (D-MA), are government-funded accounts designed to provide financial support to children from economically disadvantaged backgrounds. These accounts are aimed at assisting children from low-income families by providing them with resources that they can utilize for wealth-building purposes once they reach adulthood, such as investing in a home or launching a small business.
To learn more about baby bonds and their impact, explore the following resources:
CalKIDS Program: A Message from First Partner of California, Jennifer Siebel Newsom
Introducing the CalKIDS Program latest YouTube video featuring the First Partner of California, Jennifer Siebel Newsom! Watch as First Partner Jennifer Siebel Newsom discusses the importance of giving California kids the best start in life and putting them on a path to a brighter future through the first-in-the-nation College and Career Training Savings Program. Learn how CalKIDS funds can be utilized for educational expenses at eligible institutions and discover if your child is eligible for this incredible opportunity. Don’t miss out on the chance to claim your child’s free funded college savings account and learn more at CalKIDS.org!
CalKIDS Team
