Breaking the Cycle of Poverty: Asset Accumulation by People with Disabilities.

Abstract

In this article the authors argue that equality for people with disabilities is contingent on economic equality and financial independence. They discuss the use of asset accumulation strategies, such as Individual Development Accounts ("IDAs"), by people with disabilities who utilize Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), Temporary Assistance to Needy Families (TANF) and Medicaid. The major federal IDA programs, Assets for Independence (AFIA) IDAs and TANF IDAs, are compared in their use by people with disabilities. Further, the authors examine the income and resource limitations of SSI, SSDI, TANF and Medicaid and show how these often operate as barriers to asset accumulation by people with disabilities. Work incentives that operate within these programs are discussed in relation to asset development. Finally, the article concludes with proposals to encourage asset accumulation by people with disabilities.