State Policy Options for Building Assets

policy paper | June 30, 2006

    Center for Social Development; Heather McCulloch Karen Edwards and Gena Gunn New America Foundation

States continue to play an important role in helping low- and moderate-resource families save and build wealth. They have been innovators in assets policy, whether on their own or through the forces of "devolution," in which federal funds and decision-making authority are shifting from the federal to the state level. These initiatives and experiments -- these "laboratories of democracy" -- have inspired and informed other states as well as policymakers at the national level.

The following ideas to broaden savings and asset ownership include a range of simple proposals that may have a significant impact with little associated cost; some medium cost ideas; and others that, with a somewhat larger investment, would potentially alter the longer-term outlooks and prospects of millions of struggling Americans.

For the complete document, please see the attached PDF version. 

Tags:

  • Photo of Center for Social Development; Heather McCulloch

    Center for Social Development; Heather McCulloch

  • Photo of Karen Edwards and Gena Gunn

    Karen Edwards and Gena Gunn

  • Photo of New America Foundation

    New America Foundation