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Author: T. J. Eller
Publisher:
ISBN:
Category : Income
Languages : en
Pages : 68
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Author: T. J. Eller
Publisher:
ISBN:
Category : Income
Languages : en
Pages : 68
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Book Description
Author: T. J. Eller
Publisher:
ISBN:
Category : Electronic government information
Languages : en
Pages : 32
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Author: Thomas M. Shapiro
Publisher: Russell Sage Foundation
ISBN: 1610444957
Category : Social Science
Languages : en
Pages : 404
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Book Description
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: Michael Sherraden
Publisher: Oxford University Press
ISBN: 9780195347098
Category : Business & Economics
Languages : en
Pages : 432
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Book Description
Inclusion in the American Dream brings together leading scholars and policy experts on the topic of asset building, particularly as this relates to public policy. The typical American household accumulates most of its assets in home equity and retirement accounts, both of which are subsidized through the tax system. But the poor, for the most part, do not participate in these asset accumulation policies. The challenge is to expand the asset-based policy structure so that everyone is included.
Author: Michael Sherraden
Publisher: Routledge
ISBN: 1315288354
Category : History
Languages : en
Pages : 309
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Book Description
This work proposes a new approach to welfare: a social policy that goes beyond simple income maintenance to foster individual initiative and self-sufficiency. It argues for an asset-based policy that would create a system of saving incentives through individual development accounts (IDAs) for specific purposes, such as college education, homeownership, self-employment and retirement security. In this way, low-income Americans could gain the same opportunities that middle- and upper-income citizens have to plan ahead, set aside savings and invest in a more secure future.
Author:
Publisher:
ISBN:
Category : Age distribution (Demography)
Languages : en
Pages : 296
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Author: Frank Hobbs
Publisher:
ISBN:
Category : Age distribution (Demography)
Languages : en
Pages : 204
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Author:
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages :
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Author:
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 1064
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Author:
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 24
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