The trend in national policy over the past two decades has emphasized self reliance and a smaller role for government in society. Given this ideological shift, the Official poverty measure, which is based on the premise that all families should have sufficient income from either their own...

In Canada, poverty policy and discourse focuses on annual estimates of low income. Assuming that assets, independent from income, represent an alternative view of well-being we introduce an asset-based measurement of poverty for Canada based on (1) financial assets and (2) net worth. A household...

The United States' official poverty measure defines the poor in terms of a family's actual, yearly cash income relative to an estimate of the income needed to sustain a minimally acceptable standard of living. An alternative definition, designed to reflect a family's ability to achieve economic...