Haveman, Robert; Wolff, Edward - In: Journal of Economic Inequality 2 (2005) 2, pp. 145-169
impression that American households have done well, particularly in terms of wealth acquisition. In this paper, we develop the … concept of “asset poverty” as a measure of economic hardship, distinct from and complementary to the more commonly used … concept of “income poverty.” We define a household with insufficient assets to enable it to meet basic needs (as measured by …
