Why Financial Security and Mobility Matters
For more than two centuries, economic opportunity and upward mobility have formed the foundation of the American Dream, and they remain at the core of our nation's identity. An emerging body of research indicates that savings and assets play an integral role in both a family’s short-term financial health and their ability to move up the economic ladder over time. Pew research published in 2013 found that households that left the bottom of the income ladder had six times more savings than those that did not. As policymakers seek to foster economic opportunity, it’s critical that their decisions be informed by a robust and nonpartisan fact base on the status of family balance sheets, and the importance of family financial capital for achieving the American Dream.
How We Conduct Our Work
The project researches family finances to inform the public and policymakers on ways to improve the financial well-being of all Americans. The initiative seeks to understand the impacts of short-term savings on economic stability for different types of families and the major factors that promote and inhibit financial health and upward mobility.
Research & AnalysisView All
On Sept. 13, the U.S. Census Bureau released its annual report on the state of income and poverty in the United States, highlighting how families fared in 2015. Read More
On June 30, The Pew Charitable Trusts hosted an event highlighting the state of employer-sponsored benefits and the impact on firms and workers of changes in the benefits landscape. The discussion brought together a diverse set of speakers who focused on the role of research, policy, advocacy, and philanthropy in understanding the evolving nature of work, and four themes emerged from the... Read More
Aug. 22, 2016, marks the 20th anniversary of the signing of the Personal Responsibility and Work Opportunity Reconciliation Act, known as welfare reform, which profoundly changed the way low-income families received government assistance. The law replaced the federal Aid to Families With Dependent Children program with Temporary Assistance for Needy Families (TANF), which requires that... Read More