Asset Building
Income, savings, and assets help a family move towards—and sustain—self-sufficiency and economic security by providing a cushion against unexpected changes and setbacks. Once a family achieves adequate income to provide for necessities and allow for saving, they can begin to pay off debt, establish credit, secure a home mortgage and insurance, and plan for their children's education and their retirement. Assets can make a significant difference to a low-income family -- whether they are intellectual assets like education or training, or physical assets like a home, an automobile or a small business.
The Casey Foundation supports asset building strategies including Individual Development Accounts, financial planning and education, and community investment.
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