Curb Household Debt
Family economic success requires that households do not take on unreasonable debt and decrease net worth. Some debt results from not having enough money to cover everyday expenses. Policies to increase household financial resources and control household costs and build emergency savings can help households limit this source of debt. Some debt is necessary to finance costly assets and build human capital, but public policy can help households by offering protection against wealth-stripping activities.
What Can Policymakers Do?