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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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
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
On September 18, Travis Plunkett, senior director of Pew’s family economic stability portfolio, delivered testimony in front of the Senate Committee on Banking, Housing, and Urban Affairs. The following is his written comments. Read More