Asset Development as Strategy for Economic Mobility: Policy and Practice
Thursday, October 6 | 1:45pm
- Walter Lake, Senior Research Associate, Financial Security and Mobility Project, The Pew Charitable Trusts
- Margaret Miley, Strategic Advisor, The Midas Collaborative
Anne E. Price, President, Insight Center for Community Economic Development
Through and after the Great Recession, state-based social safety net programs such as the Temporary Assistance for Needy Families (TANF) program and the Supplemental Nutrition Assistance Program (SNAP) provided crucial resources for families and greatly reduced hardship and poverty. Importantly, states apply differing criteria in determining who is eligible for these programs and their benefits. The Pew Charitable Trusts used 50-state data on TANF and SNAP costs and caseloads to examine, from 2000-2013, the effect of asset limit policy on costs and caseloads. These empirical findings provide important insights for states as they consider the next iteration of social safety net-related practices and policies.