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Full-Text Articles in Social Work
Testing The Asset-Based Theory Of American Social Welfare: Does A Future-Orientation Mediate The Relationship Between Asset-Ownership And Financial Responsibility?, Louie Fletcher Bickham Iii
Testing The Asset-Based Theory Of American Social Welfare: Does A Future-Orientation Mediate The Relationship Between Asset-Ownership And Financial Responsibility?, Louie Fletcher Bickham Iii
LSU Doctoral Dissertations
The ownership of financial assets protects American households from experiencing the struggles of income poverty. The asset-based theory of American social welfare, which was conceptualized by Professor Michael Sherraden in 1991 and amended in 2001 by other scholars, posited that social welfare programs diminish the prevalence of poverty by enabling households to save funds to purchase assets. This theory has been scantly tested—especially among American households—despite a great amount of funds being invested into programs designed to help low-income American households to build assets. The only previous study that examined the intermediary role of future-orientations on the effect of asset-ownership …