In today's economy,
financial security and mobility depend not just on one's job and income, which
can come and go in a flash, but increasingly on one's ability to accumulate personal
and financial assets. Asset building
policies can include a broad range of initiatives that allow people to move from
poverty to prosperity, such as access to mainstream financial services, savings
opportunities, investment opportunities, and asset preservation measures.
Asset building policies should be pursued not only at the federal level, but also at the state level since the states serve as our nation's “laboratories of democracy” where the most innovative policies are often enacted. To find resources and tools for implementing various asset policy initiatives in your state, review the package of state policy issues described in these pages.