Assets and the Poor

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  • Assets and the Poor Book Detail

  • Author : Michael Sherraden
  • Release Date : 2016-09-16
  • Publisher : Routledge
  • Genre : History
  • Pages : 309
  • ISBN 13 : 1315288354
  • File Size : 38,38 MB

Assets and the Poor by Michael Sherraden PDF Summary

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.

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