: SAGE: asset-based antipoverty programs

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asset-based antipoverty programs

THE PUBLICATION OF Michael Sherraden's Assets and the Poor ushered in an era in which the focus of poverty scholars and policymakers broadened so that income no longer served as the sole basis for conceptualizing poverty. The basic arguments of the literature covering asset-based antipoverty strategies are that income is a narrow measure of the economic resources that any given family has; that owning assets can confer economic and sociopsychological benefits, such as creating an orientation toward the future, increasing self-ef-ficacy, and enhancing individuals' sense of belonging to society; and that this can have spillover effects for society in addition to the positive effects it has on the individual who owns the asset. [Source: Encyclopedia of World Poverty; Asset-Based Antipoverty Programs]

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