Money Smart Main Topics
Housing + Employment + Education/Training + Life Skills + Financial Literacy + Asset Development = Economic Mobility
According to PEW Charitable Trusts, economic opportunity and upward mobility have formed the foundation of the American Dream for centuries and remain at the core of our nation’s identity. Yet research shows that the ability to move up the economic ladder from one generation to the next is more limited in the United States than you may think.
PEW Charitable Trusts provides a look at how savings and assets impact mobility, as well as the economic mobility of States. PEW also has a report on Women and Economic Mobility. For more research about economic mobility, please visit the Spotlight on Poverty and Opportunity website.
Research from the Federal Reserve Bank of St. Louis suggests that age, education and race separate the wealthy and poor within an economy.
A Simple Plan for the Kansas City Metro
The Kansas City Alliance for Economic Inclusion (AEI) is a group of almost 700 professionals that have one simple goal; stabilize, financially educate, bank and promote economic mobility with all low-and Moderate-income families.
If you would like more information on the Kansas City AEI please contact grhousel@FDIC.gov.
Education Impact on Economic Mobility
- Does Higher Education Really Increase Economic Mobility?
- The Costs of Inequality: Education Is the Key to It All
- Economic mobility has been tied to the education level of parents (www.federalreserve.gov) and individuals.
- Children’s savings accounts are said to positively affect wealth creation.
- College savings plans (Kansas and Missouri 529 programs) can help to avoid student loan debt.
- Education levels can impact potential earnings. Review median salary based on education attainment.
- Education-based employment opportunities are on the rise.
Economic Mobility Reports
Prosperity Now State and Local Report Cards
Kansas City Reports
Building Economic Mobility with Youth