Brief Who are Low-Asset Low-Income Families?
Mauricio Soto
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More than a quarter of U.S. families are in the bottom 40 percent of both the net worth and the income distributions. For these families, neither assets nor income offers much protection against financial shocks. This fact sheet describes the characteristics of these families. Low-asset low-income families tend to be younger, single, less educated, in poorer health, and minority.
Research Areas Economic mobility and inequality Wealth and financial well-being Families
Tags Asset and debts Economic well-being Income and wealth distribution Opportunity and ownership Financial stability
Policy Centers Center on Labor, Human Services, and Population