Ownership & Assets

Solving the Retirement Puzzle with myRAs

May 12, 2014
Publication Image The Asset Building Program released a paper today examining the potential of the Obama Administration’s myRA proposal to provide a meaningful savings opportunity for low- and middle-income Americans. The paper, “Solving the Retirement Puzzle: The Potential of myRAs to Build a Personal Safety Net,” examines the myRA program within the context of other recent policy proposals to address the looming retirement crisis. While many of the recent proposals have promise, they almost uniformly lack one key element to achieving widespread retirement security among low- and middle-income workers: supporting access to flexible resources that can be tapped in an emergency. This is where the myRA proposal stands out: it permits flexible withdrawals.

Solving the Retirement Puzzle

  • By
  • Reid Cramer,
  • Justin King,
  • Elliot Schreur,
  • Aleta Sprague,
  • New America Foundation
May 12, 2014
The growing recognition that millions of Americans are ill-prepared for retirement has prompted a number of state and federal policy proposals to promote retirement security. Yet even the most promising proposals fail to acknowledge a prerequisite to sustaining long-term savings: access to flexible resources that can be tapped in an emergency or can support productive investments that can pay off over the long haul.

85,000 Low-income Youth Open Savings Accounts through YouthSave

May 8, 2014
The YouthSave project announced new results from a five-year program designed to increase saving and asset building among youth in developing countries.

Guest Post: New Findings on Asset Poverty in Canada and Developments on Asset Poverty Measurement

May 5, 2014
Publication Image Editor's Note: This guest blog post was written by David W. Rothwell, Assistant Professor at the McGill University School of Social Work, and Yunju Nam, Associate Professor at the University at Buffalo School of Social Work.

Asset Building News Week, April 21-25

April 25, 2014
Publication Image The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include student loan debt, housing, and upcoming events.

Asset Building News Week, April 14-18

April 18, 2014
Publication Image The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include tax day, inequality, and the safety net.

Guest Post: Six Tax Reforms to Increase Economic Security for All

April 17, 2014
Publication Image Editor's note: this blog post was authored by Heather McCulloch, Manager of the Tax Policy Project of the Asset Funders Network. It originally appeared on the ACCESS to Financial Security site and is reprinted here with the author's permission.

It’s tax time, the perfect time to consider how tax code reforms can create an America that lives up to its promise of opportunity for all.

What Are People Saying About Tax Day?

April 15, 2014
Publication Image Happy Tax Day!

Another April 15th, come and gone, here's hoping you got a refund and saved a portion of it! There's been a surprising number of articles and opinion pieces swirling around Tax Day this year. We thought we'd highlight some that jumped out at us, here's a sampling:

Locked Up and Locked Out: Applying an Assets Lens to Reentry

April 7, 2014
Publication Image This Friday, the Asset Building Program will be hosting an event about the impacts of incarceration on financial security and inclusion, highlighting a new piece by our fellow Monica Potts about a reentry program at the Center for Urban Families in Baltimore. As Monica’s article details, for ex-offenders, the institutional barriers to basic financial stability—let alone savings—are vast. For a group facing so many obstacles, is asset building even relevant?

Upcoming Event: 2014 Color of Wealth Summit

April 2, 2014
Publication Image Mark your calendars for April 30 and May 1: the Closing the Racial Wealth Gap Initiative (managed by the Center for Global Policy Solutions) will be hosting its annual Color of Wealth Summit in Washington, D.C. The goal of the event is to bring together political leaders, researchers from a range of fields, advocates, and members of the public for a conversation about “the racial wealth gap, its effect on marginalized households, its impact on the U.S. economy, and solutions for closing the gap.”
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