What does it take to provide true financial security to Americans? While having an income floor is critical, debt or lack of assets can still act as a barrier to getting ahead in life for many. This is particularly true for Black and Latinx communities, where the historical lack of wealth-building opportunities and ongoing wealth extraction has pushed many into deep asset poverty.
The Just Futures Fund policy aims to simultaneously address income insecurity and asset poverty, with a particular focus on racial equity. In the report Accelerating Equity and Justice: Basic Income and Generational Wealth, the Institute for Assets and Social Policy in the Heller School at Brandeis University and Universal Income Project lay out the contours of a Just Futures Fund federal policy and analyze what impact this policy would have on income poverty, asset poverty, and wealth inequality in the United States.