Asset Building and Low-income Families
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.