States continue to play an important role in helping low- and moderate-resource families save and build wealth. They have been innovators in assets policy, whether on their own or through the forces of "devolution," in which federal funds and decision-making authority are shifting from the federal to the state level. These initiatives and experiments -- these "laboratories of democracy" -- have inspired and informed other states as well as policymakers at the national level.
The following ideas to broaden savings and asset ownership include a range of simple proposals that may have a significant impact with little associated cost; some medium cost ideas; and others that, with a somewhat larger investment, would potentially alter the longer-term outlooks and prospects of millions of struggling Americans.
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