Inclusion in the American Dream

Michael Sherraden's pathbreaking work on savings has had a profound impact on public policy. He has demonstrated that low-income households can save, and that savings are critical to insure against job loss, illness, and other life emergencies, as well as to build assets for long-term well-being. His institutional theory of savings has helped to change the way we understand basic economic choices facing families. Now, in this volume, Sherraden and his co-authors show us how to begin to move beyond individual development accounts to build a truly inclusive asset policy that is both progressive and universal. Sherraden's intellectual contribution to assets policy is simply astounding. * Michael S. Barr, Assistant Professor of Law, University of Michigan Law School; nonresident senior fellow, The Brookings Institution; former senior official of the United States Treasury Department; and former special advisor to President Clinton *