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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The Census Bureau released the latest edition of its annual report “Income and Poverty in the United States” on Sept. 12, and the findings indicate economic improvements for the typical American family in 2016. According to the study, median real household income reached $59,039, up 3.2 percent from 2015, the second consecutive annual increase. Also for the second year in a row, the... Read More
The United States provides financial support to low-income families through more than a dozen programs, including Temporary Assistance for Needy Families (TANF) and the Supplemental Nutrition Assistance Program (SNAP, formerly known as food stamps). This brief examines the findings of three studies that looked at the effect of asset limits on family finances and state and program costs and... Read More
A growing body of research has shown that where Americans live is an important factor in their economicsecurity and mobility. Previous studies commissioned or conducted by The Pew Charitable Trusts have found thatstates, metropolitan areas, and even neighborhoods can be critical drivers of people’s financial well-being; theirattitudes toward their economic situations; and the gap in... Read More