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 balance sheets of American households are showing modest improvement, as are people’s attitudes about their financial health. The Census Bureau found that the median household income increased by 5.2 percent from 2014 to 2015, with gains across all income levels. Further, more Americans report feeling financially secure, and fewer say they are unprepared for the unexpected. Read More
In his Feb. 28 address to Congress, President Donald Trump discussed his agenda and priorities for the coming year, which include efforts to boost wages and job opportunities for workers in the United States. As policymakers look forward, this moment presents an ideal opportunity to address the financial concerns that Americans face daily. Read More
In this inaugural episode, host Dan LeDuc interviews Erin Currier, director of Pew’s financial security and mobility project, on the state of the American Dream and the financial well-being of American families. The conversation focuses on “data point 92”—the percentage of American families that are seeking financial security rather than economic mobility. Read More