Asset accumulation among low-income rural families

Assessing financial capital as a component of community capitals

Bibliographic Data

ID6182011
AuthorsPaulette Meikle (0000-0001-5322-6394), Leslie Green-Pimentel, Hui Liew (0000-0002-1209-2390)
Year2018
Volume49
Issue2
Pages124-144
Publication date2018-03-15
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueCommunity Development (JOURNAL)
Journal identifiersISSN: 1557-5330 • E-ISSN: 1944-7485
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/15575330.2017.1422529
OpenAlexW2789769231
LanguageEN
Citations received7
References cited16

Using data from a 2012–2013 empirical study, this article examines financial practices and attitudes toward accumulation of assets among low-income rural families in a county in Mississippi. It dissects “asset accumulation” as an often-ignored facet of the financial component of the Community Capitals Framework. The analysis also examines financial capital creation strategies used by local institutions. The article presents a new theoretical framework for understanding and predicting asset accumulation processes among low-income rural families and resulting community progress. Findings show asset accumulation among low-income rural women and families is hindered by a number of individual and institutional factors. However, a culture of fiscal household responsibility and asset accumulation can be created among women and low-income families. When this occurs, community financial capital as a multiplier effect can be anticipated, which will temporally increase other forms of community capital and progress community

Asset (computer security · Business · Capital accumulation · Comprehensive income · Economic growth · Economics · Financial asset · Financial capital · Human capital · Labour economics · Public economics · Social capital · Sociology · Unearned income · Community and Sustainable Development · Community Development and Social Impact · Urban, Neighborhood, and Segregation Studies · Finance