Why Assets? Toward a New Framework on Social Stratification
Ford Foundation Volume, The Mechanisms and Benefits of Spreading Asset Ownership among the Poor. Russell Sage Foundation,
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 a full-scale investigation into the importance of family wealth and the need for policies to encourage asset-building among the poor.