Chart 3

IDA Participants Used Their Assets Most Frequently to Buy Homes, but Also Made Withdrawals for Home Repair, to Pay for Education, and to Fund Small Businesses.

Assets Purchased with IDAs Percent of Participants Reporting Actual Uses of IDA Funds
Home Purchase 28%
Microenterprise 23%
Postsecondary Education 21%
Home Repair 18%
Retirement 7%
Job Training 2%

Source: Mark Schreiner, Margaret Clancy, and Michael Sherraden, "Saving Performance in the American Dream Demonstration Final Report," October 2002.

Note: Data reflect American Dream Demonstration participants who had made a matched withdrawal as of December 31, 2001.