OKPOLICY.ORG
A presentation by Dr. David Blatt, Director of Oklahoma Policy Institute and Steven Shepelwich, Senior Community Development Advisor at the Federal Reserve Bank of Kansas City.
Assets mean economic security. Yet impoverished families frequently lack the means to build assets. Some are even sanctioned by public assistance programs from accumulating the wealth they need to escape poverty. Oklahoma earned a “C” grade from the Corporation for Enterprise Development in a national report ranking states on opportunities for wealth creation and protection, particularly for low-income residents. That same report says 23 percent of Oklahoma households are asset poor, lacking sufficient net worth to subsist at the poverty level for three months if their income was disrupted.
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