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.
Audience: Tertiary; University or College
Number Of Pages: 344
Published: 27th February 1992
Country of Publication: US
Dimensions (cm): 22.68 x 14.94 x 2.62
Weight (kg): 0.51