Asset Building and Low Income Families

Asset Building and Low Income Families

by Signe-Mary McKernan, Michael Sherraden
     
 

ISBN-10: 0877667543

ISBN-13: 9780877667544

Pub. Date: 09/17/2008

Publisher: Urban Institute

Low-income families have scant savings to cushion a job loss or illness, and can find economic mobility impossible without funds to invest in education, homes, or businesses. And though a lack of resources leaves such families vulnerable, income-support programs are often closed to those with a bit of savings or even a car. Considering welfare-to-work reforms, the

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Overview

Low-income families have scant savings to cushion a job loss or illness, and can find economic mobility impossible without funds to invest in education, homes, or businesses. And though a lack of resources leaves such families vulnerable, income-support programs are often closed to those with a bit of savings or even a car. Considering welfare-to-work reforms, the increasingly advanced skill demands of the American workforce, and our stretched Social Security system, such an approach is inadequate to lift families out of poverty. Asset-based policies—allowing or even helping low-income families build wealth—are an increasingly popular strategy to facilitate financial stability.

Product Details

ISBN-13:
9780877667544
Publisher:
Urban Institute
Publication date:
09/17/2008
Edition description:
New Edition
Pages:
300
Sales rank:
1,030,023

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