Assets, Future Orientation, and Well-Being: Exploring and Extending Sherraden's Framework

Abstract

Reducing the incidence and impact of poverty has been central to social work practice since the birth of the profession (Addams, 1910; Franklin, 1986). The prevailing anti-poverty paradigm holds that well-being is almost exclusively dependent upon income. Social work scholar and educator, Michael Sherraden (1988; 1991) suggests a new anti-poverty paradigm whereby combined income and asset building initiatives may improve the well-being of poor households. Sherraden (1991) suggests that assets have positive effects on well-being, including future orientation. The extended conceptual framework suggested here further specifies that future orientation has a direct role in its relationship with assets and well-being.

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