Pursuing the American Dream: Economic Mobility Across Generations

The ideal that all Americans have equality of opportunity regardless of their economic status at birth is the crux of the American Dream and a defining element of our national psyche. This study investigates the health and status of that dream by analyzing economic mobility— Americans’ movement up and down the economic ladder—during the past […]

You only get one shot at retirement: Plan accordingly

One of the biggest regrets, of course, is not saving enough, especially when they were young. The power of compound interest is critical in retirement — you would have so much more in that retirement account had you been serious about saving in your 20’s or 30’s and not waited until your 40’s or, for […]

How the Safety Net Cuts Poverty Rates

Without Social Security, the poverty rate among senior citizens in the U.S. would be more than 50 percent; instead, it’s just 14.6 percent. For people of all ages, food stamps cut the poverty rate by about 10 percent, and they reduce poverty among those under 18 by even more than that. And refundable tax credits, […]