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Debt and Assets Among Low-Income Families

Wagmiller, Robert Lee

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.

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More About This Work

Academic Units
National Center for Children in Poverty
Publisher
National Center for Children in Poverty, Columbia University
Published Here
July 8, 2010