Why invest in IDAs?
Significant as current IDA efforts are, they cannot meet the growing demand for IDAs. Many Americans who do not own assets and others who do not have bank accounts are not currently benefiting from IDAs. Greater public and private investment is needed to make IDAs more widely available. While returns on IDA investments are difficult to calculate, CFED estimates that each federal dollar invested in IDAs would yield a return of approximately five dollars to the national economy in the form of new businesses, additional earnings, new and rehabilitated homes, reduced welfare expenditures, and human capital associated with greater educational attainment.
