Wealth building is an anti-poverty strategy that helps low- and moderate-income people move toward greater self-sufficiency by accumulating assets, the basis of wealth. The document is designed to provide information to help individuals and families build and protect their assets. The information can be used by individuals or families, as well as organizations working to increase financial security.
When low-wealth families are provided the tools to save and grow their money, the generational cycle of poverty can be broken.The Foundation for the Mid South believes that building wealth requires increased access to effective financial programs and information. When families possess the tools and knowledge to get their finances on track, they can begin to grow their savings, maximize their income, and acquire assets.