In the United States, an Individual Development Account (IDA) is a matched savings account that enables low-income American families to save, build assets, and enter the financial mainstream. IDAs supplement the savings of low-income households with matching funds drawn from a variety of private and public sources.
Read more about Individual Development Account: Purpose, Details, Usage Data
Famous quotes containing the words individual, development and/or account:
“For when as each thing bad thou hast entomb’d,
And last of all, thy greedy self consum’d,
Then long Eternity shall greet our bliss
With an individual kiss;”
—John Milton (1608–1674)
“As long as fathers rule but do not nurture, as long as mothers nurture but do not rule, the conditions favoring the development of father-daughter incest will prevail.”
—Judith Lewis Herman (b. 1942)
“Principles aren’t of much account anyway, except at election time. After that you hang them up to let them season.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)