Welfare Reform, Asset-Limit Policy, and Asset Accumulation

Asset Building

Using data from the Panel Study of Income Dynamics and CSD data on state welfare policy, we tested the role of state welfare asset limits on low-income households’ ability to build assets. In particular, this project focused on the relationship between asset-means tests in Aid to Families with Dependent Children/Temporary Assistance for Needy Families and asset accumulation among low-income households.

Principal Investigator

Yunju Nam

​University at Buffalo


Lissa Johnson

Lissa Johnson

CSD Associate Director; Director of Administration and Research;
Co-Director Financial Capability and Asset Building