Pew’s financial security and mobility project studies the financial well-being of American families and how their balance sheets relate to both short-term financial stability and longer-term economic mobility. The initiative builds on Pew research that shows savings and assets are key to moving up the economic ladder, both within a lifetime and across generations. The project strives to foster policy debate and action on how best to improve opportunity to ensure that the American Dream is within reach of everyone.
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This report finds that three-quarters of Gen Xers—Americans born between 1965 and 1980—have higher family incomes than their parents did at the same ages, but only a third have higher wealth. In part, this is because the typical Gen Xer has six times more debt than their parents did. Read More
Washington—The Pew Charitable Trusts released a report today finding that members of Generation X lag behind their parents in wealth accumulation, a key indicator of financial security and especially retirement preparedness. Although three-quarters of Gen Xers, defined as Americans born between 1965 and 1980 and who are in their 30s and 40s today, have higher incomes than their parents did at the... Read More
Generation X—those born between 1965 and 1980 who are in their 30s and 40s today—doesn't get the same attention in the media as do the younger millennials or the retiring baby boomers. But its place in the economic landscape can't be ignored; it provides insight into the experiences of American families during the late 20th and early 21st centuries. Read More