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Helping Working Families Build Financial Security
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By Emily Conway
and Mary Fairchild |
Vol . 19, No. 08 / February 2011 |
General Information
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One in four U.S. households is asset poor.
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Imagine trying to survive a financial crisis without any back-up savings or investments. One in four U.S. households is asset poor—they have insufficient financial assets to survive above the poverty line ($22,350 for a family of four in 2010) for more than three months. A 2008 Center for Social Development report noted that young adults especially have few assets; job loss, health problems or a divorce can leave many unable to make ends meet.
Find out more about policies that help promote low- to middle-income families build up their assets.
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