Bringing income, assets, and financial literacy under one umbrella
Story three in this three-part series depicts asset policies for children as being an on ramp to the Asset Empowerment Path for poor children.
Story two in this three-part series depicts the Debt Dependent Path the poor are often forced to take.
Story one in this three-part series depicts the Asset Empowered Path to the American dream, which better aligns with the ideal of education as the “great equalizer” in society.
By Professor William Elliott
Economic security requires both income (enough to live by) and assets (something to live for). However, discussions about economic security in America can never seem to get beyond income policies. This is understandable, even if it is shortsighted. Once you...