Financial Supports

Facilitating the long-term economic self-sufficiency of TANF recipients involves increasing individuals assets. Through inclusive asset-building strategies and programs that equip individuals with financial literacy tools, all families would have “the opportunity to have a direct stake in the economy, become more financially independent, and bequeath wealth and opportunities to future generations."1 Thus, asset-building resources, such as Individual Development Accounts, are valuable components of strategies designed to move families from cash assistance to long-term financial security.