Assets and the Poor: New American Welfare Policy (Paperback) (ISBN-13: 9781563240669)

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 Sherraden
ISBN-10: 1563240661
ISBN-13: 9781563240669
Publisher: Routledge
Language: English
Published: 02/27/1992
Pages: 344
Format: Paperback
Weight: 1.12lbs
Size: 8.93h x 5.88w x 1.03d