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
The financial well-being of American families is fundamentally driven by the labor market and the relationships workers have with their employers. In 2013, the most recent year for which data are available, 83 percent of tax filers reported income from an employer. Read More
The Pew Charitable Trusts, in partnership with the U.S. Senate Economic Mobility Caucus, hosted a briefing June 17 highlighting the challenges that rural communities face in creating opportunity. Read More
States and the federal government coordinate to provide assistance to economically vulnerable households through a range of programs, including Temporary Assistance for Needy Families (TANF) and the Supplemental Nutrition Assistance Program (SNAP), formerly known as food stamps. Read More