IDAs are dedicated savings accounts, similar to IRAs, that are matched and used for specific assets such as education, homeownership or small business expenses. There are currently more than 300 IDA programs in the United States - Georgia, North Carolina, and Missouri are among participating states. It seems that the unbanked can find ways to accomplish their short-term or immediate goals. When people do not have wealth accumulations, it limits their contribution to the economic growth of the country and the South in important ways. For instance, they can't be investors.
Capitalism operates on investments.
Books Oliver, Melvin and Shapiro, Thomas. A New Perspective on Racial Inequality, Routledge, 1997. Articles and reports Caskey, John. Reaching Out to the Unbanked. Good, Barbara A. Bringing the Unbanked Onboard, Federal Reserve Bank of Cleveland, January 1999.