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Eliminating Asset Limits: Creating Savings for Families ...

Introduction Cash assistance under Temporary Assistance for Needy Families (TANF) and food assistance under the Supplemental Nutrition Assistance Program (SNAP) are important federal safety net programs that help struggling Families make ends meet and achieve economic stability. Both TANF and SNAP are means-tested programs, meaning that applicants and recipients must have income below a certain level to qualify for assistance. Historically, most means-tested programs also had Asset tests, which deny eligibility to applicants and recipients with more than modest amounts of resources including cash, vehicles, or other property.

welfare and into full employment.11 Vehicle asset limits can be particularly burdensome for families who must get to work and take children to child care or school. These opportunities are essential for recipients in developing and maintaining …

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