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The focus then should be on empowering women through work so that they are financially secure and are able to build up assets.
"They cannot see how to build up assets in London while earning incomes which each month barely cover getting to work and the essentials of life," the authors claim.
They did not have to sacrifice consumption in order to build up assets for the future, because lax monetary policies encouraged borrowing that pushed up the prices of housing and other assets, which gave them the illusion of having saved enough.
One of the main goals of the productive safety net program (PSNP) is to ensure that chronically food insecure households can meet their basic food needs while encouraging them to engage in productive activities and build up assets.
The U.S. government would gradually build up assets for the wealth fund.
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Most people should have built up assets over their lives, so it's reasonable to expect individuals as well as the state to contribute.
Gelb added, "In all these years, the C.I.A. never built up assets, but it talks as if there were 'access.' I don't know if Obama understands that the Agency doesn't know what it's talking about".
The Europeans build up the assets of individual players.
After several years the time needed to build up the assets to realize the economies of scale workers would have the opportunity to allocate their funds among any qualified investment accounts that met reasonable and specific standards.
This does not mean they need to borrow, but if the savings rate fell from the current 4.6% rate to, say, 2% or 1%, that would be a great boast in the short term, and then the consumer can slowly build up their assets once the economy has regained a firm footing.
"If the savings rate fell from the current 4.6% rate to, say, 2% or 1%, that would be a great boost in the short term, and the consumer can slowly build up their assets once the economy has a firm footing," he says.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com