asset poverty rates were declining. The impression was supported by the official, income-based poverty measure, which … exhibited a sharp decline. According to Senior Scholar Edward N. Wolff and Research Scholar Asena Caner, poverty measures should … include wealth as well as income. Their study of asset poverty in the United States between 1984 and 1999 focuses on the lower …

that both Black and Hispanic households made remarkable progress in terms of mean and median retirement income, poverty … projected poverty rate rising, and the projected replacement rate falling, though expected mean retirement income does rise …. Hispanics also experienced a setback in mean retirement income but continued progress in replacement rates and reducing poverty …

Using PSID data for the years 1984 to 1999, we estimate the level and severity of asset poverty. Our results indicate … that the share of asset-poor households remained almost the same and the severity of poverty increased during this period … head, and homeownership, are important determinants of asset poverty. There seems to be a downward trend in the …