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
This report introduces two new and flexible measures to examine upward relative economic mobility. Read More
In early 2009, the project commissioned a national survey and series of focus groups to provide a more accurate picture of how Americans view their own economic mobility and to better understand how their perceptions square with the reality of the project’s data. The poll, conducted by Greenberg Quinlan Rosner Research and Public Opinion Strategies, seeks to answer questions such as: What defines... Read More
This 2009 report found that many low-income students miss out on college because they don't have good information about how significantly financial aid can reduce the cost of tuition, and the process for obtaining aid is not as straightforward and timely as it could be. Read More