Where Americans Live Helps Shape Their Financial Security

Where Americans Live Helps Shape Their Financial Security: Neighborhood wealth or poverty can influence economic opportunity, a top concern for voters. Pew Charitable Trusts. Sarah Sattelmeyer and Joanna Biernacka-Lievestro. October 12, 2016

Seven years after the Great Recession, many American families are still feeling economically vulnerable: More than half report that they are not financially prepared for the unexpected, and a third say they have no savings. In 2014, a remarkable 92 percent of Americans said that, given the choice, they would prefer financial stability over moving up the income ladder, an increase of 7 percentage points since 2011. It comes as no surprise, then, that the economy remains one of the top issues in the 2016 presidential campaign.
Some economic issues, such as employment and income, have been prominently discussed by politicians on both sides of the aisle during the campaign season. Pew research demonstrates that median earnings have been relatively flat over the past decade, and a growing body of literature on family finances indicates that substantial fluctuations in income are the norm. [Note: contains copyrighted material].

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