Why Assets? Toward a New Framework on Social Stratification
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.