Asset Limits Are a Barrier to Economic Security and Mobility
“Our nation’s public assistance programs do a lot to mitigate hardship and support employment. Without the safety net, the U.S. poverty rate would be nearly twice as high as it is today.
However, many of these work and income supports come with restrictive asset limits—eligibility requirements that penalize savings and ownership and are counterproductive to the goal of helping families achieve economic security. Asset limits can make it difficult—if not impossible—for families to get the help they need when they fall on hard times.”
– Rebecca Vallas and Joe Valenti, September 10, 2014
Read the full article from Center for American Progress here.