Asset Building: Toward Inclusive Policy
Asset Building: Toward Inclusive Policy
- Michael Sherraden, Michael SherradenWashington University in St. Louis
- Lissa Johnson, Lissa JohnsonWashington University in St. Louis
- Margaret M. Clancy, Margaret M. ClancyWashington University in St. Louis
- Sondra G. Beverly, Sondra G. BeverlyWashington University in St. Louis
- Margaret Sherrard Sherraden, Margaret Sherrard SherradenUniversity of Missouri–St. Louis
- Mark Schreiner, Mark SchreinerWashington University in Saint Louis
- William Elliott, William ElliottUniversity of Michigan
- Trina R. Williams Shanks, Trina R. Williams ShanksUniversity of Michigan
- Deborah Adams, Deborah AdamsUniversity of Kansas
- Jami Curley, Jami CurleyLourdes University
- Jin Huang, Jin HuangSaint Louis University
- Michal Grinstein-Weiss, Michal Grinstein-WeissWashington University in St. Louis
- Yunju Nam, Yunju NamUniversity at Buffalo - The State University of New York
- Min ZhanMin ZhanUniversity of Illinois at Urbana-Champaign
- , and Chang-Keun HanChang-Keun HanSungkyunkwan University
Summary
Since 1991, a new policy discussion has arisen in the United States and other countries, focusing on building assets as a complement to traditional social policy based on income. In fact, asset-based policy with large public subsidies already existed (and still exists) in the United States. But the policy is regressive, benefiting the rich far more than the poor. The goal should be a universal, progressive, and lifelong asset-based policy. One promising pathway may be child development accounts (CDAs) beginning at birth, with greater public deposits for the poorest children. If all children had an account, then eventually this could grow into a universal public policy across the life course.
Keywords
Subjects
- International and Global Issues
- Macro Practice
- Policy and Advocacy
- Poverty
- Research and Evidence-Based Practice
- Social Justice and Human Rights
Updated in this version
This version revised to reflect a comprehensive overview of asset building toward inclusive policy, and bibliography expanded to include recent research.
