The Institute on Assets and Social Policy “is dedicated to the economic and social mobility of individuals and families, particularly those traditionally left out of the economic mainstream, and to the expansion of the middle class.”
While the United States is an affluent country, millions of individuals and working families are asset poor, a condition that limits their economic security and our prosperity as a nation. Assets are the financial and human capacities that enable individuals to enter into and stay in the economic mainstream.
The Institute works with a variety of partners and has recently published two important reports:
Across the nation, states with both abundant and lean fiscal resources, with urban and rural populations, and reflecting both liberal and conservative ideologies, are focusing their policies more and more on enabling residents to build educational and technical skills, an income base, and the financial wealth necessary for mobility and security.
This report examines the significance of federal and state minimum wage laws, explores the impact of the minimum wage since its inception and the arguments for and against increases over time. This is the first of a series that will focus on the building blocks for an integrated asset policy framework emerging through state policies and practices that are advancing asset development at the state level and may drive change in federal policy.