Assets matter.

They provide the means to weather the inevitable financial setbacks we all endure, while offering hope and opportunity for a better future. They allow individuals and families to work toward financial stability and prosperity.

Owning a home or small business, saving for education or retirement, acquiring job skills and financial literacy–these are all ways to build assets. Asset building helps people support their families, weather financial emergencies, and invest in themselves and their communities.

Too often, people who lack these assets face significant barriers to building them, trapping them in poverty and economic insecurity. Racial and cultural disparities in assets further compound inequity.

MABC advocates for policies that remove these barriers, create new opportunities for Minnesotans to build assets, protect those assets from predatory financial deals or scams, and close the unacceptably large racial and cultural disparities that plague Minnesota in many asset building areas.