The economic security of children depends both on the flow of income into the household as well as the possession and development of assets. Research has shown that a family’s savings and assets have a significant effect on the future economic security of their children – with a family’s level of savings having a higher correlation to the next generation’s upward economic mobility than level of income. First Focus supports policy development that both recognizes the importance of, and encourages, savings and asset development in low-income households.
Stay Informed