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Assets and Family Economic Security

Assets and Family Economic Security. Rourke O’Brien Research Fellow, Asset Building Program New America Foundation obrien@newamerica.net. Why assets matter?. Serve as both as “safety net” and “spring board” Assets Effects: Increased economic mobility both within and across generations

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Assets and Family Economic Security

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  1. Assets and Family Economic Security Rourke O’Brien Research Fellow, Asset Building Program New America Foundation obrien@newamerica.net

  2. Why assets matter? • Serve as both as “safety net” and “spring board” • Assets Effects: • Increased economic mobility both within and across generations • “Future Orientation” • Reduced material hardship following income shocks • Reduced stress • Positive health effects New America Foundation ♦ Asset Building Program

  3. The Assets Agenda--- www.newamerica.net • Children’s Savings Accounts—The ASPIRE Act • Reform Asset Limits in Public Assistance Programs • Reform Tax Code and Harness Tax Filing Process • The Saver’s Bonus • Universal Retirement Accounts • Increase access to low-cost and appropriate financial services while promoting defaults and “basic” products • Explore government provision of small dollar credit New America Foundation ♦ Asset Building Program

  4. Assets and Family Economic Security Rourke O’Brien Research Fellow, Asset Building Program New America Foundation obrien@newamerica.net

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