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
Although education continues to be a key driver of financial security, student debt is a substantial liability for many Americans and a growing concern for policymakers at all levels of government. Many borrowers successfully repay their loans and reap the financial benefits of postsecondary education, but a significant share is struggling to meet these obligations: The Consumer Financial... Read More
In the coming months, President-elect Donald Trump’s administration will present and refine its priorities for the next four years, recommending reforms for existing programs and outlining new policies. Recent research from The Pew Charitable Trusts has examined the health of American family finances, establishing an evidence base for the development of policies to improve the financial... Read More
Seven years after the Great Recession, many American families are still feeling economically vulnerable: More than half report that they are not financially prepared for the unexpected, and a third say they have no savings. Read More