The phrase "asset poverty" is correct and usable in written English.
It can be used to describe a situation where individuals or households lack sufficient assets to meet their basic needs or to withstand financial shocks.
Example: "Many families in the region are struggling with asset poverty, making it difficult for them to invest in education or healthcare."
Alternatives: "financial insecurity" or "wealth deprivation".
According to CFED's 2012 Assets & Opportunity Scorecard, 27percentt of Americans live in asset poverty, meaning they lack both savings and other assets such as a home, car or business that they could use to cover basic expenses for just three months if a job loss or other crisis leads to loss of income.
A report issued this week by the Corporation for Enterprise Development found that 27 percent of U.S. households live in "asset poverty".
Between 1983 and 1998, the last year for which a comparison can be made, income poverty declined about 16percentt, while asset poverty rose 14percentt.
Interestingly, 9 % of the households that are food secure are households with incomes below the food poverty line (lower income), whereas 22%% of the households that are food secure with income below the asset poverty line.
Also, according to the study, to be eligible the populations in those polygons needed to be settled in marginalized urban areas with concentrations of asset poverty greater than 50%%, located in cities of 15,000 inhabitants or more, with a deficit of infrastructure and urban services, and with at least 80%% of the lots having no active conflict over property rights.
And the figures for asset poverty were even more bleak.
There is a strong association between food poverty and stunting among children aged 6 11 months (p<0.01), while assets poverty and subjective poverty have stronger relationships (p<0.01) with undernutrition at older age (24 months or older for assets poverty, and 12 months or older for subjective poverty).
This paper uses longitudinal data from two informal settlements of Nairobi, Kenya to examine patterns of child growth and how these are affected by four different dimensions of poverty at the household level namely, expenditures poverty, assets poverty, food poverty, and subjective poverty.
27%22%35%36%34%36 % 34 % Middle Income Dummy variable, 1 if household income is higher than the assets poverty line but lower than twice the assets poverty line, 0 otherwise.
Likewise, the assets poverty line is defined as the income needed to afford food, education, health, clothing, housing and transportation.
The assets poverty line was MX$1,446.76 for a rural household, and MX$2,155.43 for an urban household during the last quarter of 2010.
