Encouraging Asset Development for Low-Income Workers.

Institution	Welfare Information Network, Washington, DC.
Titel	Encouraging Asset Development for Low-Income Workers.
Quelle	6 (2002) 7, (6 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Adult Learning; Banking; Educational History; Educational Practices; Educational Resources; Federal Programs; Guidelines; Low Income Groups; Models; Money Management; Program Descriptions; Resource Materials; Retirement; State Programs; Welfare Recipients; Working Poor; California; Maryland; Massachusetts; Oregon + Suchen Sie Ihr Suchwort? Adulte education; Adult training; Erwachsenenbildung; Bankgeschäft; History of education; Bildungsgeschichte; Bildungspraxis; Bildungsmittel; Richtlinien; Analogiemodell; Quellenmaterial; Pensionierung; Regierungsprogramm; Sozialhilfeempfänger; Sozialhilfeempfängerin; Kalifornien; Master-Studiengang
Abstract	Asset development is an emerging approach to promoting self-sufficiency for low-income workers. By promoting and rewarding savings, asset development strategies encourage individuals to set long-term economic goals. Asset development strategies can accomplish the following objectives: (1) give low-income workers the knowledge required to navigate issues related to asset building; (2) accumulate assets without disqualification from participating in income benefit programs; and (3) access savings mechanisms for which they are eligible (for example, housing-based accounts available to residents of public housing). A variety of resources regarding asset accumulation for low-income workers are available in print or on the World Wide Web. The following programs are among noteworthy asset accumulation programs: (1) the federal Assets for Independence Demonstration Program, which encourages low-income individuals to accumulate assets by matching individuals' savings with federal and private funds; (2) California's Worker Income Security Project, which offers individual development accounts and financial literacy training to low-income workers; (3) Massachusetts' Full Employment Program, which allows welfare-to-work clients to build savings by depositing $1 for every hour worked in their first year of employment; and (4) Oregon's program requiring employers to deposit $1 for every hour worked by their employees who are welfare-to-work clients. (Contains a list of 13 publications, electronic resources, and resource contacts.) (MN)
Anmerkungen	For full text: http://www.welfareinfo.org/encouragingassetdevelopmentRN.htm.
Erfasst von	ERIC (Education Resources Information Center), Washington, DC