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Debt and Assets Among Low-Income Families

Robert Lee Wagmiller

Title:
Debt and Assets Among Low-Income Families
Author(s):
Wagmiller, Robert Lee
Date:
Type:
Reports
Department(s):
National Center for Children in Poverty
Persistent URL:
Publisher:
National Center for Children in Poverty
Publisher Location:
New York
Abstract:
Low-income families today are burdened with rising levels of family debt but have few assets to leverage if they are confronted by a financial crisis, such as a job layoff or long illness. Our new report finds that among low-income families the average debt doubled between 1984 and 2001, while most have only a few hundred dollars in liquid assets.
Subject(s):
Public health
Poor children
Item views
242
Metadata:
text | xml
Suggested Citation:
Robert Lee Wagmiller, , Debt and Assets Among Low-Income Families, Columbia University Academic Commons, .

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