Building Assets For Low Income Families PDF Download
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Author | : Signe-Mary McKernan |
Publisher | : The Urban Insitute |
Total Pages | : 304 |
Release | : 2008 |
Genre | : Business & Economics |
ISBN | : 9780877667544 |
Download Asset Building and Low-income Families Book in PDF, ePub and Kindle
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.
Author | : United States Senate |
Publisher | : |
Total Pages | : 204 |
Release | : 2020-02-11 |
Genre | : |
ISBN | : |
Download Building Assets for Low-income Families Book in PDF, ePub and Kindle
Building assets for low-income families: hearing before the Subcommittee on Social Security and Family Policy of the Committee on Finance, United States Senate, One Hundred Ninth Congress, first session, April 28, 2005.
Author | : Nicolas P. Retsinas |
Publisher | : Brookings Institution Press |
Total Pages | : 413 |
Release | : 2006-05-25 |
Genre | : Business & Economics |
ISBN | : 0815797842 |
Download Building Assets, Building Credit Book in PDF, ePub and Kindle
A Brookings Institution Press and Harvard University Joint Center for Housing Studies publication Poor people spend their money living day to day. How can they accumulate wealth? In the United States, homeownership is often the answer. Homes not only provide shelter but also are assets, and thus a means to create equity. Mortgage credit becomes a crucial factor. More Americans than ever now have some access to credit. However. thanks in large part to the growth of global capital markets and greater use of "credit scores," not all homeowners have benefited equally from the opened spigots. Different terms and conditions mean that some applicants are overpaying for mortgage credit, while some are getting in over their heads. And the door is left wide open for predatory lenders. In this important new volume, accomplished analysts examine the situation, illustrate its ramifications, and recommend steps to improve it. Today, low-income Americans have more access to credit than ever before. The challenge is to increase the chances that homeownership becomes the new pathway to asset-building that everyone hopes it will be.
Author | : United States. Congress |
Publisher | : Createspace Independent Publishing Platform |
Total Pages | : 204 |
Release | : 2018-02-10 |
Genre | : |
ISBN | : 9781985242791 |
Download Building Assets for Low-Income Families Book in PDF, ePub and Kindle
Building assets for low-income families : hearing before the Subcommittee on Social Security and Family Policy of the Committee on Finance, United States Senate, One Hundred Ninth Congress, first session, April 28, 2005.
Author | : Christianne Lind |
Publisher | : |
Total Pages | : 52 |
Release | : 2006 |
Genre | : |
ISBN | : |
Download Strategies to Build Assets Among Low Income Families Book in PDF, ePub and Kindle
To be economically secure, families need both income and assets. Regular income helps families pay for their daily living expenses. In contrast, families need assets to weather financial hardships and get ahead. Assets provide a safety net for coping with unanticipated expenses and emergencies that could otherwise cause significant financial hardship. Assets also help families build wealth and plan for the future by, for example, saving for retirement or investing in their children's education. Despite the importance of assets, many families live without any type of financial safety net. The lack of assets among low-income families is especially pronounced. This strategy brief aims to help practitioners, policymakers, and program developers understand how to expand asset-building opportunities for low-income families. Drawing from research and practice, it presents promising strategies and considerations for improving savings and investments among this population. It also lays out key areas for further work and investment to help guide decision makers in the public sector, business community, and foundation community as they seek to support activities that improve outcomes for low-income families and communities. (Contains 1 table and 67 footnotes.) [This strategy brief was written with assistance from Pamela Friedman.].
Author | : United States. Congress. Senate. Committee on Finance. Subcommittee on Social Security and Family Policy |
Publisher | : |
Total Pages | : 204 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : |
Download Building Assets for Low-income Families Book in PDF, ePub and Kindle
Author | : Thomas M. Shapiro |
Publisher | : Russell Sage Foundation |
Total Pages | : 404 |
Release | : 2001-05-17 |
Genre | : Social Science |
ISBN | : 1610444957 |
Download Assets for the Poor Book in PDF, ePub and Kindle
Over the past three decades, average household wealth in the United States has declined among all but the richest families, with a near 80 percent drop among the nation's poorest families. Although the national debate about inequality has focused on income, it is wealth—the private assets amassed and passed on within families—that provides the extra economic cushion needed to move beyond mere day-to-day survival. Assets for the Poor is the first full-scale investigation into the importance of family wealth and the need for policies to encourage asset-building among the poor. Assets for the Poor shows how institutional mechanisms designed to encourage acquisition of capital and property favor middle-class and high-income families. For example, the aggregate value of home mortgage tax deductions far outweighs the dollar amount of the subsidies provided by Section 8 rental vouchers and public housing. Banking definitions of creditworthiness largely exclude minorities, and welfare rules have made it nearly impossible for single mothers to accumulate savings, let alone stocks or real estate. Due to persistent residential segregation, even those minority families who do own homes are often denied equal access to better schools and public services. The research in this volume shows that the poor do make use of the assets they have. Cash gifts—although small in size—are frequent within families and often lead to such positive results as homebuying and debt reduction, while tangible assets such as tools and cars help increase employment prospects. Assets for the Poor examines policies such as Individual Development Account tax subsidies to reward financial savings among the poor, and more liberal credit rules to make borrowing easier and less costly. The contributors also offer thoughtful advice for bringing the poor into mainstream savings institutions and warn against developing asset building policies at the expense of existing safety net programs. Asset-building for low-income families is a powerful idea that offers hope to families searching for a way out of poverty. Assets for the Poor challenges current thinking regarding poverty reduction policies and proposes a major shift in the way we think about families and how they make a better life. A Volume in the Ford Foundation Series on Asset Building
Author | : Margaret Sherraden |
Publisher | : Oxford University Press |
Total Pages | : 473 |
Release | : 2018-03-28 |
Genre | : Social Science |
ISBN | : 0190238577 |
Download Financial Capability and Asset Building in Vulnerable Households Book in PDF, ePub and Kindle
Financial struggles of American families are headline news. In communities across the nation, families feel the pinch of stagnant and sometimes declining incomes. Many have not recovered from the Great Recession, when millions lost their homes and retirement savings. They are bombarded daily with vexing financial decisions: Which bills to pay? Where to cash checks? How to cover an emergency? How to improve a credit report? How to bank online? How to save for the future? Low- and moderate-income families have few places to turn for guidance on financial matters. Not many can afford to pay a financial advisor to help navigate an increasingly complex financial world. They do their best with advice from family and trusted individuals. Social workers, financial counselors, and human services professionals can help. As "first responders," they assist families and help in finding financial support from public and private sources. But these professionals are too often unprepared to address the full range of financial troubles of ordinary working families. Financial Capability and Asset Building in Vulnerable Households prepares social workers, financial counselors, and other human service professionals for financial practice with vulnerable families. Building on more than 20 years of research, the book sets the stage with key concepts, historical antecedents, and current financial challenges of families in America. It provides knowledge and tools to assist families in pressing financial circumstances, and offers a lifespan perspective of financial capability and environmental influences on financial behaviors and actions. Furthermore, the text details practice principles and skills for direct interventions, as well as for designing financial services and policy innovations. It is an essential resource for preparing the next generation of practitioners who can enable families to achieve economic security and development.
Author | : Lucy Gorham |
Publisher | : |
Total Pages | : 100 |
Release | : 2002 |
Genre | : Community development |
ISBN | : |
Download Low-income Families Building Assets Book in PDF, ePub and Kindle
Author | : United States. Congress. Senate. Committee on Finance |
Publisher | : |
Total Pages | : |
Release | : 2006* |
Genre | : |
ISBN | : |
Download Building Assets for Low-Income Families, S. Hrg. 109-357, April 28, 2005, 109-1 Hearing, * Book in PDF, ePub and Kindle