Brief The Balance Sheets of Low-Income Households
What We Know About Their Assets and Liabilities
Adam Carasso, Signe-Mary McKernan
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This report synthesizes current research and other available information on the assets and liabilities of low-income households into a variety of portraits. These data allow practitioners and researchers to begin to form a comprehensive representation of the balance sheets of low-income households and sets the stage for future research and policy discussion around the finances of low-income households.
Research Areas Economic mobility and inequality Wealth and financial well-being Social safety net Race and equity
Tags Poverty Low-Income Home Energy Assistance Program (LIHEAP) Asset and debts Racial and ethnic disparities Income and wealth distribution Racial barriers to accessing the safety net Racial inequities in economic mobility Racial wealth gap Financial stability
Policy Centers Center on Labor, Human Services, and Population