Asset Building and Low Income Families

By Michael Sherraden and Signe-Mary McKernan

Book 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.

• Format: Paperback
• Language: English
• ISBN: 0877667543
• ISBN13: 9780877667544
• Release Date: September 2008
• Publisher: Rowman & Littlefield Publishers
• Length: 300 Pages
• Weight: 1.10 lbs.