Our friends at Prosperity Works have created an excellent video on the ins-and-outs of IDAs. What is an IDA? It is not, as some Facebook users suggested, internet dating advice or the International Department of Awesome. IDA stands for individual development account. It’s a matched savings account for low and moderate income earners to save for important assets like a college education, a home, or a business. Watch this animated short video to find out more or click here to find an IDA near you.
View other clips from OKPolicy’s “Watch This’ video series: