Assets and the Poor
Autor: | Gilbert, Neil Sherraden, Michael |
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EAN: | 9781563240669 |
Sprache: | Englisch |
Seitenzahl: | 344 |
Produktart: | Kartoniert / Broschiert |
Veröffentlichungsdatum: | 28.02.1992 |
Untertitel: | New American Welfare Policy |
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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.