The Balance Sheets of Low-Income Households: What We Know about Their Assets and Liabilities. Empirical Evidence on the Assets and Liabilities of Low-Income Households

11/01/2007

Assets alone may have an effect on outcomes, but assets alone do not tell the whole financial story. It is important to look at the entire balance sheet: viewing the different assets a household owns and comparing these against the households liabilities to arrive at net worth, or household wealth.

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