Charles Leeks, of Neighborhood Housing Services of Chicago helps oversee the homeownership component of the Individual Development Account programs in North Lawndale. The IDA programs help low-income residents budget and save their money. Their savings are matched by money from the Steans Family Foundation, as well as federal money from the Assets for Independence Act. For more photos >>

The dream of getting ahead in this country is based on the belief that it's possible to move up in social class. That's not likely for America's poorest. Seventy-percent of those born into the bottom quartile of wealth distribution remain there all their lives. This report examines the growing popularity of government assisted savings programs for low-income families, which claim to offer both a hand out and a hand up.

Related Links
For information on kids savings accounts contact:
Nancy Wilson
National Center on Poverty Law

For information on financial literacy classes for adults contact:
O. S. Owen
Center for Economic Progress

For info on the Save Up! program:
Charles Leeks
Neighborhood Housing Services of Chicago
Save Up! Individual Development Accounts Program