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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April is National Financial Capability Month, which presents an important opportunity to focus on the economic challenges facing many U.S. families and on the potential of financial capability programs—such as financial literacy education, counseling, coaching, and planning—to provide possible solutions to Americans’ financial insecurity. Read More
Financial shocks—lost income or expenses that families do not plan for, such as from job loss, illness, injury, death, or a major home or vehicle repair—represent one of the core challenges American families face as they strive to achieve and maintain financial security.1 In 2014, almost 60 percent of U.S. households experienced at least one such shock and over half of them struggled... Read More
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