Throughout U.S. history, the federal government has provided incentive programs to help citizens accumulate savings and build individual financial assets such as home and business ownership. Historically, these programs include some of the largest and most successful government ventures of our history, such as the G.I. Bill and the Homestead Act. But today, most asset-building incentives are rarely examined or explored, even though they involve hundreds of billions of dollars yearly, and directly touch the pocketbooks of millions of Americans.
Return on Investment, produced by the Corporation for Enterprise Development (CFED), analyzes the latest available data (FY 2005) on the costs associated with subsidies for four main categories of assets: Homeownership, Savings and Investment, Retirement Accounts, and Small Business Development.
The online briefing will discuss the findings about where the $367 billion federal budget for asset building is being distributed, and how these incentives might be helping to fuel a growing gap between the rich and the poor. CFED will also make the case to improve federal incentives for lower-income Americans to build assets.