Assets and the Poor: New American Welfare Policy

by Michael Sherraden, Neil Gilbert

This work proposes a new approach to 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.

Genres: Economics

344 pages, Hardcover

First published December 1, 1990

Reviews

[Chris Cain · Rating 5 out of 5]

changed my life!

[Katherine · Rating 5 out of 5]

One of those books whose ideas stick with you. Essential reading. Written awhile ago, but as current as ever.