Among the truly urgent crises facing the United States is widespread household financial insecurity.
A stunning 45 percent of U.S. households have expenses that are at least equal to—if not greater than—their income, and 55 percent lack the necessary savings to weather a simultaneous income drop and expense spike. Future of Wealth encompasses Aspen FSP’s work to address the financial precarity engulfing millions of U.S. households by connecting, expanding, and activating a diverse set of leaders to advance a new wealth agenda. Our goal, equal parts ambitious, achievable, and appropriate to the scale of the problem, is to increase by tenfold the wealth of households of color and those in the bottom half of the wealth distribution in the United States by 2050. By doing so, we can move beyond merely managing household financial scarcity to creating the conditions of security and well-being that will enable full participation, agency, and dignity in our economy and democracy.
