Download or read book Saving Patterns in Individual Development Account Programs written by and published by . This book was released on 2000 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Savings and Asset Accumulation in Individual Development Accounts written by and published by . This book was released on 2001 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Can the Poor Save written by Michael Sherraden and published by Routledge. This book was released on 2017-09-08 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many policymakers argue that the best poverty policy not only provides cash to the poor for subsistence but also incentives and structures that encourage long-term social and economic improvement. As part of this, they make the case for Individual Development Accounts (IDAs), a new policy proposal designed to help the poor save and to build assets. This book explores IDAs to determine their effectiveness. IDAs are matched savings accounts targeted on low-income, low-wealth individuals. Savings in IDAs are used for home ownership, post-secondary education, small business development, and other purposes. Do IDAs work? If they do, for whom? And does how an IDA is designed determine savings outcomes? This volume is the first analysis of matched savings by the poor to use data from monthly bank statements. It comes at a critical time, as debate rages over the merits of individual social security accounts. IDAs also respond to policy that is becoming more asset based and less inclusive of the poor. The authors argue for the efficacy of IDAs to counter this tendency. They find that while savings outcomes vary among participants, no characteristics (such as low income or public assistance) preclude saving. They examine effects of IDA design (the match rate, savings targets, and the use of automatic transfer) on savings results and analyze factors that influence varying rates of saving and spending over time. They conclude that financial education and other support services, though costly, improve savings performance. To address the issue of cost they suggest a two-tier system of IDA design, one with broad access and simple services and the other with targeted access and intensive services. Can the Poor Save? offers a wealth of lessons to those interested in saving and asset accumulation among the poor. It not only breaks new ground in the scientific study of savings behavior, but also offers concrete, evidence-based recommendations to improve policies designed to encourage the poor to save and how to make such policies more inclusive.
Download or read book Changing Welfare Services written by Michael J Austin and published by Routledge. This book was released on 2013-10-18 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains field-tested techniques to enhance the effectiveness of your local social services! Changing Welfare Services: Case Studies of Local Welfare Reform Programs describes promising programs and practices that have emerged in the United States since the enactment of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996. Using case studies, this reference provides important lessons that will help social service directors and staff to develop strategies that will improve local welfare-to-work services. This casebook focuses on the agencies rather than the welfare population, emphasizing the guiding values of these agencies and the lessons they learned. Changing Welfare Services explores new approaches to service delivery, with emphasis on removing barriers to work force participation and promoting self-sufficiency through support services. The case studies involve programs focused on working with the community by developing partnerships with local organizations to provide better services. This text emphasizes the organizational changes—such as the development of new training programs, merging employment and social service agencies, and restructuring agency programs to foster collaboration between child welfare services and welfare-to-work programs—that were successful strategies used to implement welfare reform. In Changing Welfare Services, you will learn about: the Connections Shuttle and the Guaranteed Ride Home Program—transportation services for welfare-to-work participants the Exempt Provider Training Program— trains Temporary Assistance to Needy Families (TANF) participants and others to launch and improve their own high-quality child care businesses co-location of support services—situating mental health and substance abuse services near the social services agency so TANF participants can make a single visit for all necessary services the Family Loan Program—helps low-income families deal with large or unexpected one-time expenses the JobKeeper Hotline—provides round-the-clock counseling, crisis intervention, and referral services to help participants stay employed and much more! Changing Welfare Services shows how these agencies discovered new ways to serve the needs of low-income residents and offers you a variety of inventive techniques for improving your own agency’s support for welfare recipients. Enhanced with tables, figures, and appendixes, this practitioner-oriented casebook is a much-needed complement to the many quantitative studies of the welfare population. This book is a valuable resource for state and local human service administrators and staff, policymakers, and university faculty and students of public policy.
Download or read book Assets and the Poor written by Michael Sherraden and published by Routledge. This book was released on 2016-09-16 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book H R 7 the Community Solutions Act of 2001 written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Human Resources and published by . This book was released on 2001 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Owning Up written by Michelle Miller-Adams and published by Rowman & Littlefield. This book was released on 2004-05-13 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the recent success of welfare reform in moving people off public assistance and into jobs, most of America's working poor are still unable to accumulate even the most minimal of assets. Even when they are getting by, they lack many of the resources—tangible and intangible—that provide middle-class Americans with a sense of security, stability, and a stake in the future. In Owning Up, Michelle Miller-Adams demonstrates how asset-building programs, used in combination with traditional income-based support, can be an effective means for helping millions of American out of poverty. Miller-Adams expands the traditional concept of assets to encompass a range of tools, experiences, resources, and support systems that are necessary if asset building is to serve as an effective anti-poverty strategy. She identifies four types of assets that can represent sources of wealth for low-income individuals and communities: economic human social, and natural assets. Economic assets include equity, retirement savings, and other financial holdings. Human assets include education, knowledge, skills, and talents. Included among social assets are the networks of trust and reciprocity that bind communities together. Natural assets include the land, water, air and other natural resources we depend on for survival. Owning Up also examines five organizations at the forefront of building assets for the poor. Their stories are told through the eyes of individuals whose lives they have helped transform. These organizations have all developed effective strategies for building assets, and Miller-Adams identifies them as models to be emulated elsewhere. The profiled organizations include: Neighborhoods Incorporated of Battle Creek, Michigan. Its innovative strategies seek to increase home ownership and promote neighborhood revitalization in poor communities. The Watershed Research and Training Center. This local organization strengthens the natural resource-based eco
Download or read book A Few Thousand Dollars written by Robert E. Friedman and published by The New Press. This book was released on 2018-10-09 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to making the U.S. economy work for everyone, by a leading advocate of asset development The majority of Americans do not have a few thousand dollars to weather an unexpected illness, job loss, or accident. Most Americans, including 80 percent of people of color, are locked out of the mainstream economy, unable to add their talents, work, and dreams, unable to share in the bounty of this economy. Without a nest egg most Americans cannot invest in their future—and the future of our country—through saving, entrepreneurship, education, and homeownership. We can—and we should—do better. Longtime leader in the field of asset-building Robert E. Friedman demonstrates how a few simple policy changes would address wealth inequality—and build a better economy and a stronger country for us all. In six sharp, compelling chapters, accented by sixteen original black-and-white illustrations by Rohan Eason that present the realities of income and asset inequality and explain the needed policy interventions, Friedman addresses savings, business, education, home, and prosperity to articulate a vision for making inclusive investments without spending an additional dollar, just by transforming tax subsidies for the wealthy few into seeds for prosperity for everyone. This is an investment with a huge return: the redemption of the American promise of prosperity for all.
Download or read book United States Congressional Serial Set Serial No 14811 Senate Reports Nos 1 39 written by and published by Government Printing Office. This book was released on with total page 1260 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Departments of Labor Health and Human Services Education and Related Agencies Appropriations for 2001 written by United States. Congress. House. Committee on Appropriations. Subcommittee on the Departments of Labor, Health and Human Services, Education, and Related Agencies and published by . This book was released on 2000 with total page 1624 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Recognizing and Serving Low Income Students in Higher Education written by Adrianna Kezar and published by Routledge. This book was released on 2010-09-13 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: This contributed volume uncovers the biases that prevent post-secondary institutions from serving low-income students and offers guidance for adopting policies and practices to help these students thrive.
Download or read book Assets for the Poor written by Thomas M. Shapiro and published by Russell Sage Foundation. This book was released on 2001-05-17 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 the first full-scale investigation into the importance of family wealth and the need for policies to encourage asset-building among the poor. Assets for the Poor shows how institutional mechanisms designed to encourage acquisition of capital and property favor middle-class and high-income families. For example, the aggregate value of home mortgage tax deductions far outweighs the dollar amount of the subsidies provided by Section 8 rental vouchers and public housing. Banking definitions of creditworthiness largely exclude minorities, and welfare rules have made it nearly impossible for single mothers to accumulate savings, let alone stocks or real estate. Due to persistent residential segregation, even those minority families who do own homes are often denied equal access to better schools and public services. The research in this volume shows that the poor do make use of the assets they have. Cash gifts—although small in size—are frequent within families and often lead to such positive results as homebuying and debt reduction, while tangible assets such as tools and cars help increase employment prospects. Assets for the Poor examines policies such as Individual Development Account tax subsidies to reward financial savings among the poor, and more liberal credit rules to make borrowing easier and less costly. The contributors also offer thoughtful advice for bringing the poor into mainstream savings institutions and warn against developing asset building policies at the expense of existing safety net programs. Asset-building for low-income families is a powerful idea that offers hope to families searching for a way out of poverty. Assets for the Poor challenges current thinking regarding poverty reduction policies and proposes a major shift in the way we think about families and how they make a better life. A Volume in the Ford Foundation Series on Asset Building
Download or read book Social Security and Its Discontents written by Michael Tanner and published by Cato Institute. This book was released on 2004 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tanner (Cato Project on Social Security Choice) brings together work by leaders in Social Security reform, examining problems of the current system and offering proposals for reform. Contributors in economics, law, and philosophy, many affiliated with the Cato Institute, examine aspects of the problem related to issues such as property rights, the impact of Social Security reform on low-income workers, and how stock market declines affect the reform debate. They advocate allowing younger workers to privately invest their Social Security taxes through individual accounts.
Download or read book Financing Low Income Communities written by Julia Sass Rubin and published by Russell Sage Foundation. This book was released on 2007-11-15 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Access to capital and financial services is crucial for healthy communities. However, many impoverished individuals and neighborhoods are routinely ignored by mainstream financial institutions. This neglect led to the creation of community development financial institutions (CDFIs), which provide low-income communities with financial services and act as a conduit to conventional financial organizations and capital markets. Edited by Julia Sass Rubin, Financing Low-Income Communities brings together leading experts in the field to assess what we know about the challenges of bringing financial services and capital to poor communities, map out future lines of research, and propose policy reforms to make these efforts more effective. The contributors to Financing Low-Income Communities distill research on key topics related to community development finance. Daniel Schneider and Peter Tufano examine the obstacles that make saving and asset accumulation difficult for low-income households—such as the fact that tens of millions of low-income and minority adults don't have a bank account—and consider solutions, like making it easier for low-wage workers to enroll in 401(K) plans. Jeanne Hogarth, Jane Kolodinksy, and Marianne Hilgert review evidence showing that community-based financial education programs can be effective in changing families' saving and budgeting patterns. Lisa Servon proposes strategies for addressing the challenges facing the microenterprise field in the United States. Julia Sass Rubin discusses ways community loan and venture capital funds have adapted in response to the decreased availability of funding, and considers potential sources of new capital, such as state governments and public pension funds. Marva Williams explores the evolution and recent performance of community development banks and credit unions. Kathleen Engel and Patricia McCoy document the proliferation of predatory lenders, who market loans at onerous interest rates to financially vulnerable families and the devastating effects of such lending on communities—from increased crime to falling home values and lower tax revenues. Rachel Bratt reviews the policies and programs used to make rental and owned housing financially accessible. Rob Hollister proposes a framework for evaluating the contributions of community development financial institutions. Despite the many accomplishments of CDFIs over the last four decades, changing political and economic conditions make it imperative that they adapt in order to survive. Financing Low-Income Communities charts out new directions for public and private organizations which aim to end the financial exclusion of marginalized neighborhoods.
Download or read book Financial Empowerment in the African American Church written by Rev. Dr. Donna Taylor and published by Balboa Press. This book was released on 2018-01-17 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work captures the historical and cultural context for financial literacy in the twenty-first century in view of the Great Recession of 2008 to 2009.
Download or read book The Missing Class written by Katherine Newman and published by Beacon Press. This book was released on 2008-09-01 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Named one of the Best Business Books of 2007 by Library Journal The Missing Class gives voice to the 54 million Americans, including 21 percent of the nation's children, who are sandwiched between poor and middle class. While government programs help the needy and politicians woo the more fortunate, the "Missing Class" is largely invisible and ignored. Through the experiences of nine families, Katherine Newman and Victor Tan Chen trace the unique problems faced by individuals in this large and growing demographic-the "near poor." The question for the Missing Class is not whether they're doing better than the truly poor-they are. The question is whether these individuals, on the razor's edge of subsistence, are safely ensconced in the Missing Class or in danger of losing it all. The Missing Class has much to tell us about whether the American dream still exists for those who are sacrificing daily to achieve it.
Download or read book Evidence Matters written by and published by . This book was released on 2012 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
