Assets And The Poor

Author : Michael Sherraden
Publisher : Routledge
ISBN 13 : 1315288354
Total Pages : 309 pages
Book Rating : 4.52/5 ( download)

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Download or read book Assets and the Poor written by Michael Sherraden and published by Routledge. This book was released on 2016-09-16 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Michael Wayne Sherraden
Publisher : M.E. Sharpe
ISBN 13 : 9780765634566
Total Pages : 348 pages
Book Rating : 4.62/5 ( download)

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Download or read book Assets and the Poor written by Michael Wayne Sherraden and published by M.E. Sharpe. This book was released on with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Thomas M. Shapiro
Publisher : Russell Sage Foundation
ISBN 13 : 1610444957
Total Pages : 404 pages
Book Rating : 4.58/5 ( download)

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Download or read book Assets for the Poor written by Thomas M. Shapiro and published by Russell Sage Foundation. This book was released on 2001-05-17 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Routledge
ISBN 13 : 1351530224
Total Pages : 408 pages
Book Rating : 4.24/5 ( download)

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Download or read book Can the Poor Save? written by Michael Sherraden and published by Routledge. This book was released on 2017-09-08 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many policymakers argue that the best poverty policy not only provides cash to the poor for subsistence but also incentives and structures that encourage long-term social and economic improvement. As part of this, they make the case for Individual Development Accounts (IDAs), a new policy proposal designed to help the poor save and to build assets. This book explores IDAs to determine their effectiveness. IDAs are matched savings accounts targeted on low-income, low-wealth individuals. Savings in IDAs are used for home ownership, post-secondary education, small business development, and other purposes. Do IDAs work? If they do, for whom? And does how an IDA is designed determine savings outcomes? This volume is the first analysis of matched savings by the poor to use data from monthly bank statements. It comes at a critical time, as debate rages over the merits of individual social security accounts. IDAs also respond to policy that is becoming more asset based and less inclusive of the poor. The authors argue for the efficacy of IDAs to counter this tendency. They find that while savings outcomes vary among participants, no characteristics (such as low income or public assistance) preclude saving. They examine effects of IDA design (the match rate, savings targets, and the use of automatic transfer) on savings results and analyze factors that influence varying rates of saving and spending over time. They conclude that financial education and other support services, though costly, improve savings performance. To address the issue of cost they suggest a two-tier system of IDA design, one with broad access and simple services and the other with targeted access and intensive services. Can the Poor Save? offers a wealth of lessons to those interested in saving and asset accumulation among the poor. It not only breaks new ground in the scientific study of savings behavior, but also offers concrete, evidence-based recommendations to improve policies designed to encourage the poor to save and how to make such policies more inclusive.

Author : Orazio P. Attanasio
Publisher : IDB
ISBN 13 : 9781886938977
Total Pages : 274 pages
Book Rating : 4.70/5 ( download)

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Download or read book Portrait of the Poor written by Orazio P. Attanasio and published by IDB. This book was released on 2001 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors analyze the ownership and use of income-generating assets, as well as access to them. Where there are market imperfections, they propose policies to ease the constraints faced by the poor in accumulating the human, physical and social capital they need to generate greater income."--BOOK JACKET.

Author : Michael Sherraden
Publisher : Oxford University Press
ISBN 13 : 0195347099
Total Pages : 432 pages
Book Rating : 4.98/5 ( download)

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Download or read book Inclusion in the American Dream written by Michael Sherraden and published by Oxford University Press. This book was released on 2005-07-21 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Karin Schelzig
Publisher : Asian Development Bank
ISBN 13 : 9715615635
Total Pages : 165 pages
Book Rating : 4.31/5 ( download)

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Download or read book Poverty in the Philippines written by Karin Schelzig and published by Asian Development Bank. This book was released on 2005 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report is based on a multi dimensional approach to poverty following ADB's poverty reduction strategy, which defines poverty as a deprivation of essential assets. The analytical framework of the country poverty analysis blends a more traditional analysis of income poverty with an assessment of access to five different types of assets. Taken from the sustainable livelihoods approach, these assets are human, physical, natural, financial and social capital.

Author : Signe-Mary McKernan
Publisher : The Urban Insitute
ISBN 13 : 9780877667544
Total Pages : 304 pages
Book Rating : 4.43/5 ( download)

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Download or read book Asset Building and Low-income Families written by Signe-Mary McKernan and published by The Urban Insitute. This book was released on 2008 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Jonathan Morduch
Publisher : Princeton University Press
ISBN 13 : 0691172986
Total Pages : 248 pages
Book Rating : 4.89/5 ( download)

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Download or read book The Financial Diaries written by Jonathan Morduch and published by Princeton University Press. This book was released on 2017-04-04 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the groundbreaking U.S. Financial Diaries project (http://www.usfinancialdiaries.org/), which follows the lives of 235 low- and middle-income families as they navigate through a year, the authors challenge popular assumptions about how Americans earn, spend, borrow, and save-- and they identify the true causes of distress and inequality for many working Americans.

Author : Charles L. Marohn, Jr.
Publisher : John Wiley & Sons
ISBN 13 : 1119564816
Total Pages : 262 pages
Book Rating : 4.12/5 ( download)

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Download or read book Strong Towns written by Charles L. Marohn, Jr. and published by John Wiley & Sons. This book was released on 2019-10-01 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new way forward for sustainable quality of life in cities of all sizes Strong Towns: A Bottom-Up Revolution to Build American Prosperity is a book of forward-thinking ideas that breaks with modern wisdom to present a new vision of urban development in the United States. Presenting the foundational ideas of the Strong Towns movement he co-founded, Charles Marohn explains why cities of all sizes continue to struggle to meet their basic needs, and reveals the new paradigm that can solve this longstanding problem. Inside, you’ll learn why inducing growth and development has been the conventional response to urban financial struggles—and why it just doesn’t work. New development and high-risk investing don’t generate enough wealth to support itself, and cities continue to struggle. Read this book to find out how cities large and small can focus on bottom-up investments to minimize risk and maximize their ability to strengthen the community financially and improve citizens’ quality of life. Develop in-depth knowledge of the underlying logic behind the “traditional” search for never-ending urban growth Learn practical solutions for ameliorating financial struggles through low-risk investment and a grassroots focus Gain insights and tools that can stop the vicious cycle of budget shortfalls and unexpected downturns Become a part of the Strong Towns revolution by shifting the focus away from top-down growth toward rebuilding American prosperity Strong Towns acknowledges that there is a problem with the American approach to growth and shows community leaders a new way forward. The Strong Towns response is a revolution in how we assemble the places we live.