Assets and the Poor: A New American Welfare Policy
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.
Inclusion in Asset Building
Sherraden, M. (1991). Assets and the poor: A new American welfare policy. Armonk, NY: M. E. Sharpe, Inc.
assets, anti-poverty, poverty, policy, inclusive policy, social development
Sherraden, Michael, "Assets and the Poor: A New American Welfare Policy" (2009). Center for Social Development Research. 12.