Ray Boshara

Ray Boshara, vice president of the New America Foundation, said he was struck by respondents' belief that "focusing on inequality of opportunity, and not so much inequality of outcomes, was most important." This sentiment was shared across all income ...

Here are the basics – the government sets aside a small nest egg for every child, which would grow until they reach age 18. At that point the account-holder could begin to withdraw money for college, a home, and eventually retirement. The movement is not without its critics, who say it’s a slippery slope to a privatized social safety net.

Ray Boshara joins us with more on the idea. He directs the Asset Building Program at the New America Foundation, and has worked… more

Background on 529 college savings plans

In 2001, the Internal Revenue Code authorized college savings plans (529 plans) as a tax-advantaged savings tool. In a 529 plan,[1] individuals save money in an account that is dedicated for future college expenses of a beneficiary. States administer 529 plans, and offer a limited selection of funds with a range of risk and return characteristics.[2] In

Washington, DC -- The New America Foundation along with more than 100 government agencies, non-profit organizations, trade associations, and companies, is participating in America Saves Week, an organized effort to encourage and assist individuals to assess their savings and take action to advance their savings progress.  

"One of the lessons of the current crisis is that there are limits on what we can borrow," says Ray Boshara, director of the Asset Building program at the ...

As 2008 draws to a close, over 2 million families have already lost their homes or are facing foreclosure. A protracted homeownership crisis will harm both families and entire communities alike and threatens to weaken an already besieged national economy. Yet as policymakers agree to spend billions of dollars to shock the economy back to life, they seem less committed to searching for an effective policy response to address the foreclosure storm and resurrect a responsible housing finance system.

...Analyst Ray Boshara of the New America Foundation also thinks that the stock market remains a key to boosting our future standard of living. Here's why: Unless rising Asia becomes disappearing Asia, excess global labor supply will continue to push down hard on wages. "We are not going back to the 1950s," Boshara says. "The return from labor has been diminishing. Families have to earn income not just from a job but from assets."

But rather than Social Security privatization, Boshara is a proponent of "baby bonds."… more

IDAs are a tool that can be used to help low-income people move into the financial mainstream, said Ray Boshara, vice president for domestic policy programs for the New America Foundation, a non-partisan public policy institute.

"When families have savings and assets, it not only prevents them from falling into financial ruin ... when you own things you are invested in your community in a way you normally would not be," Boshara said. LINK

Washington DC - Innovative partnerships and convergence in the fields of asset building, microfinance and financial inclusion are sparking increased interest in access to savings, assets, and financial inclusion for those living in poverty around the world, according to a report released today by the Global Assets Project and the Citi Foundation. The report, "Global Savings, Assets and Financial Inclusion: Lessons, Challenges & Directions" is based on the Global Symposium held in Singapore last year which brought leading practitioners, scholars, policymakers, corporate leaders, and funders in… more

INTRODUCTION

Child Savings Accounts (CSAs) exist as policies, products, and programs, and are currently being offered by governments, financial institutions, and non-profits. CSAs are more than basic savings accounts. What distinguishes CSAs from standard savings accounts is the degree to which they serve as means to an end-most often to spur the social and/or economic development of children. Another distinguishing feature is they are often intentionally targeted to children of low- and moderate-income families (as opposed to only children of middle-class… more