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.
- ISBN10 0877667543
- ISBN13 9780877667544
- Publish Date 15 October 2008
- Publish Status Active
- Publish Country US
- Imprint Urban Institute Press,U.S.
- Format Paperback
- Pages 300
- Language English