Low wages and material need motivate many to supplement income through entrepreneurship, and policymakers intervened to support such efforts in the COVID-19 economy. What lessons can these supports offer for ongoing efforts to support disadvantaged entrepreneurs? Using data from the 2018 National Financial Capability Study, this brief examines the income volatility and emergency savings of disadvantaged entrepreneurs. The findings suggest the potential of long-term policy mechanisms to improve financial security.
Project: Financial Capability & Asset Building (FCAB)
Citation
Huang, J., & Guo, B. (2021, April). Building financial capability and assets for disadvantaged entrepreneurs (CSD Research Brief No. 21-10). Washington University, Center for Social Development. https://doi.org/10.7936/8nyn-h137