Posts Tagged: asset

National Think Tank Finds US Households Getting Poorer, Calls for College Savings Incentives

More than one in four U.S. households are asset poor, meaning they lack savings or other assets to cover basic expenses for three months if a layoff or other emergency leads to loss of income, according to the 2012 Assets & Opportunity Scorecard published by the Corporation for Enterprise Development (CFED).The Scorecard also shows 43% of households are "liquid asset poor," which excludes as...