The purpose of this issue brief is to summarize a federal public policy agenda to broaden savings and asset ownership opportunities for low- and moderate-income Americans. It reflects our latest and best thinking, and draws heavily on the work of many experts focusing on various facets of savings and asset-building policy. The menu includes calls for new structures and policies, as well as changes to existing tax systems, government programs and financial products.
We continue to share President Bush’s vision for an “ownership society,” although public policies to achieve that must be directed at the bottom half of the population, most of whom save and own little. The current state of
ownership in America, based on recently released data from the Federal Reserve, is presented and discussed
For the complete document, please see the attached PDF version.