“…Among the countries that already have some form of national CDA policy are Singapore, the UK, South Korea, Taiwan and Canada (Han, 2013;Loke & Sherraden, 2009;Zou et al, 2013). In South Korea, a national CDA program specifically targets children in the child welfare system (children living in institutions, foster care or group homes) and provides an automatic opening of a savings bank account, 1:1 matched savings up to $30 a month, a separate fund savings account that allows withdrawal after the age of 18 for specific expenses that contribute to human development (e.g.…”