On Tuesday, we featured a great guest post
from Ben Landy of The Century Foundation
about how asset limits in public assistance programs create a “poverty trap,” and prevent low-income families from making financial decisions in their best interest. The piece centered around the story of James Brady
, a homeless New Jersey man who lost his public assistance after finding $850, which he turned over to the police despite his own financial need. When the money went unclaimed, Brady got it back – but lost his health insurance in the process.