Brief Assessing Asset Data on Low-Income Households:
Subtitle
Current Availability and Options for Improvement
Caroline Ratcliffe, Henry Chen, Trina R. Williams-Shanks, Yunju Nam, Mark Schreiner, Min Zhan, Michael Sherraden
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This report identifies the most reliable and informative data sources for understanding low-income households assets and liabilities, details their limitations, and provides options for improving asset data sources and collection methods. The report evaluates 12 data sets and identifies three as having the greatest potential for future asset researchthe Survey of Consumer Finances (SCF), the Survey of Income and Program Participation (SIPP), and the Panel Study of Income Dynamics (PSID).
Research Areas Economic mobility and inequality Wealth and financial well-being Social safety net Children and youth
Tags Poverty Low-Income Home Energy Assistance Program (LIHEAP) Asset and debts Economic well-being Income and wealth distribution Financial stability
Policy Centers Center on Labor, Human Services, and Population