Creating an opportunity society: asset-building strategies can broaden the American promise of ownership. But they can't succeed on the cheap, or by shifting even more risks to the poor.(SOLUTIONS)
American Prospect, The, May, 2007 by Oliver, Melvin L.; Shapiro, Thomas M.
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SOCIAL MOBILITY, ECONOMIC SECURITY, AND SELF-RELIANCE are at the heart of the American ideal. These widely shared goals can be the foundation for a new political consensus built around the cultivation of financial and human assets. At least two sources animate this new policy context.
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First, globalization is widening economic inequality and insecurity, for the middle class as well as the poor. The national competitiveness of the United States and the economic security of Americans depend on investment in both financial and human capital. Second, there is increasing recognition ...
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