Business & Economy · 2 views
Aspen Institute director: Wealth is not a luxury, but three in four U.S. households don’t have enough
The Aspen Institute Financial Security Program has created the essential wealth metric as a new way to measure not only how much a family needs to pay the bills but also how much they need for full resilience, prosperity, and well-being.
Summary
The Aspen Institute Financial Security Program has created the essential wealth metric as a new way to measure not only how much a family needs to pay the bills but also how much they need for full resilience, prosperity, and well-being. Our finding: Only 26% of U.S. households have essential wealth, the milestone at which families hold multiple appreciating assets—like a home and a retirement account—at levels that allow them to comfortably take risks and plan for the future.
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