101 solutions for inclusive wealth building
Having wealth, or a family’s assets minus their debts, is important not just for the rich— everyone needs wealth to thrive. Yet building the amount of wealth needed to thrive is a major challenge. Nearly 13 million U.S. households have negative net worth. Millions more are low wealth; they do not have the assets or liquidity needed to maintain financial stability and invest in themselves in the present, nor are they on track to accumulate the amount of wealth they will need to have financial security in retirement. This report examines what it will take to create truly shared prosperity in the United States. It is focused on solutions that would grow the wealth of households in the bottom half of the wealth distribution, and it explores reparative approaches to building the wealth of Black, Indigenous, and other people of color (BIPOC).
Together, these groups represent at least half of all U.S. households.
Income Volatility: Why it Destabilizes Working Families and How Philanthropy Can Make a Difference
As the work environment has evolved and jobs look more different, it is important to understand the impact of these changes on income—predictability, variability, and frequency—and how this affects the opportunity for mobility. Because of the complexity of income volatility, there is a unique role for philanthropy. This brief helps grantmakers understand the enormous challenges income volatility presents in America and provides an array of strategies for philanthropy to leverage both investments and leadership to empower families to protect themselves from volatility’s worst effects.
