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ERIC Number: ED499582
Record Type: Non-Journal
Publication Date: 2006-Dec
Pages: 52
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: N/A
Strategies to Build Assets among Low Income Families: Mapping the Field
Lind, Christianne
Finance Project
To be economically secure, families need both income and assets. Regular income helps families pay for their daily living expenses. In contrast, families need assets to weather financial hardships and get ahead. Assets provide a safety net for coping with unanticipated expenses and emergencies that could otherwise cause significant financial hardship. Assets also help families build wealth and plan for the future by, for example, saving for retirement or investing in their children's education. Despite the importance of assets, many families live without any type of financial safety net. The lack of assets among low-income families is especially pronounced. This strategy brief aims to help practitioners, policymakers, and program developers understand how to expand asset-building opportunities for low-income families. Drawing from research and practice, it presents promising strategies and considerations for improving savings and investments among this population. It also lays out key areas for further work and investment to help guide decision makers in the public sector, business community, and foundation community as they seek to support activities that improve outcomes for low-income families and communities. (Contains 1 table and 67 footnotes.) [This strategy brief was written with assistance from Pamela Friedman.]
Finance Project. 1401 New York Avenue NW Suite 800, Washington, DC 20005. Tel: 202-628-4200; Fax: 202-628-1293; e-mail: info@financeproject.org; Web site: http://www.financeproject.org
Publication Type: Information Analyses; Reports - Descriptive
Education Level: Adult Education
Audience: Community; Policymakers
Language: English
Sponsor: N/A
Authoring Institution: N/A