It’s the assets, stupid

We should dust off the asset-based welfare textbook, learning the lessons of child trust funds, the Savings Gateway and individual learning accounts, to use the power of time to enable the most vulnerable to take control of their own personal balance sheets. And, at the real bottom end of the pile, for those with negative assets (debts) we should use the concept of household solvency – not simply interest rates – to determine how easy credit should be regulated. – See more at: http://www.progressonline.org.uk/2014/04/09/its-the-assets-stupid/#sthash.SbzFCnm9.dpuf

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