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
“Millions of people are struggling in this country to make ends meet,” Leigh Phillips, CEO of the microsavings nonprofit EARN, said at an April 13 panel discussion hosted at The Pew Charitable Trusts in Washington on factors that keep Americans from saving and policies, products, and programs that can help break down those barriers. Read More
On April 15, lawmakers from North Dakota and Pennsylvania, along with the National Foundation for Women Legislators, held a conference call about women’s economic mobility. Experts from The Pew Charitable Trusts’ financial security and mobility project presented findings from our 2015 analysis “Women’s Work: The Economic Mobility of Women Across a Generation,” which... Read More
Despite an improving economy, lower unemployment rates, and a rebounding stock market, many families are still struggling with their finances. Pew’s research has highlighted the financial tightrope Americans are walking. Read More