Using PSID data for the years 1984 to 1999, we estimate the level and severity of asset poverty. Our results indicate … that the share of asset-poor households remained almost the same and the severity of poverty increased during this period … head, and homeownership, are important determinants of asset poverty. There seems to be a downward trend in the …

Using PSID data for the years 1984-99, we estimate the level and severity of asset poverty. We find that despite a … sharp decline in the official poverty rate, the asset poverty rate barely budged over this period. Moreover, the severity of … asset poverty increased during this period. The likelihood of being asset-poor decreased for those who are college graduates …