Asset-Based Development and the Wealth Profile of Stateside Puerto Rican Households.

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  • Author(s): BORGES-MÉNDEZ, RAMÓN
  • Source:
    Centro Journal. Spring2015, Vol. 27 Issue 1, p100-125. 26p.
  • Document Type:
    Article
  • Additional Information
    • Subject Terms:
    • Author-Supplied Keywords:
      asset-development
      households
      housing
      Puerto Ricans in the United States
      wealth
    • Abstract:
      Puerto Rican households experience a wealth gap relative to non-Puerto Rican Latinos and Non-Latino groups. This research relies on the Consumer Expenditure Survey (CES), Public Use Micro-Data Sample of 2008 of the Bureau of Labor Statistics. On the "asset side," Puerto Rican households showed a weak "wealth platform" relative to most groups. Housing assets, most important for all groups, was poorly valuated in the asset portfolio of Puerto Rican households. On the "liabilities side," Puerto Ricans seemed better off than other Latino subgroups, although it is important to consider that the mean value of the assets of Puerto Rican households tends to be lower, especially housing assets. After taking into consideration assets and liabilities, the net wealth base of Puerto Rican households is very weak. Over half of Puerto Rican households (67 percent) are wealth poor, suggesting a "thin" middle-class. Direct and indirect policy action is needed to promote the creation and preservation of individual and community assets. [ABSTRACT FROM AUTHOR]
    • Abstract:
      Copyright of Centro Journal is the property of Centro de Estudios Puertorriquenos (Center for Puerto Rican Studies) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
    • ISSN:
      1538-6279
    • Accession Number:
      108796017
  • Citations
    • ABNT:
      BORGES-MÉNDEZ, R. Asset-Based Development and the Wealth Profile of Stateside Puerto Rican Households. Centro Journal, [s. l.], v. 27, n. 1, p. 100–125, 2015. Disponível em: . Acesso em: 14 out. 2019.
    • AMA:
      BORGES-MÉNDEZ R. Asset-Based Development and the Wealth Profile of Stateside Puerto Rican Households. Centro Journal. 2015;27(1):100-125. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=zbh&AN=108796017. Accessed October 14, 2019.
    • APA:
      BORGES-MÉNDEZ, R. (2015). Asset-Based Development and the Wealth Profile of Stateside Puerto Rican Households. Centro Journal, 27(1), 100–125. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=zbh&AN=108796017
    • Chicago/Turabian: Author-Date:
      BORGES-MÉNDEZ, RAMÓN. 2015. “Asset-Based Development and the Wealth Profile of Stateside Puerto Rican Households.” Centro Journal 27 (1): 100–125. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=zbh&AN=108796017.
    • Harvard:
      BORGES-MÉNDEZ, R. (2015) ‘Asset-Based Development and the Wealth Profile of Stateside Puerto Rican Households’, Centro Journal, 27(1), pp. 100–125. Available at: http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=zbh&AN=108796017 (Accessed: 14 October 2019).
    • Harvard: Australian:
      BORGES-MÉNDEZ, R 2015, ‘Asset-Based Development and the Wealth Profile of Stateside Puerto Rican Households’, Centro Journal, vol. 27, no. 1, pp. 100–125, viewed 14 October 2019, .
    • MLA:
      BORGES-MÉNDEZ, RAMÓN. “Asset-Based Development and the Wealth Profile of Stateside Puerto Rican Households.” Centro Journal, vol. 27, no. 1, Spring 2015, pp. 100–125. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=zbh&AN=108796017.
    • Chicago/Turabian: Humanities:
      BORGES-MÉNDEZ, RAMÓN. “Asset-Based Development and the Wealth Profile of Stateside Puerto Rican Households.” Centro Journal 27, no. 1 (Spring 2015): 100–125. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=zbh&AN=108796017.
    • Vancouver/ICMJE:
      BORGES-MÉNDEZ R. Asset-Based Development and the Wealth Profile of Stateside Puerto Rican Households. Centro Journal [Internet]. 2015 Spring [cited 2019 Oct 14];27(1):100–25. Available from: http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=zbh&AN=108796017