What is the Future of Wealth?
Among the truly urgent crises facing the United States is widespread household financial insecurity. A stunning 51 percent of U.S. households have expenses that are at least equal to—if not greater than—their income, and 55 percent lack the necessary savings to weather a simultaneous income drop and expense spike. Future of Wealth encompasses Aspen FSP’s work to address the financial precarity engulfing millions of U.S. households by connecting, expanding and activating a diverse set of leaders to advance a new wealth agenda. Our goal, equal parts ambitious, achievable and appropriate to the scale of the problem, is to increase by tenfold the wealth of households of color and those in the bottom half of the wealth distribution in the United States by 2050. By doing so, we can move beyond merely managing household financial scarcity to creating the conditions of security and well-being that will enable full participation, agency, and dignity in both our economy and our democracy.
IDEAS AND SOLUTIONS
Identifying and amplifying ideas and solutions to advance our goal of increasing by tenfold the wealth of households of color and those in the bottom half of the wealth distribution in the United States by 2050.
Developing and executing issue campaigns and other public and media engagement activities to increase stakeholder engagement and excitement around the possibilities for transforming wealth and ownership in the U.S.
Identifying, nurturing, and promoting a new network of leaders from government, philanthropy, and the private, nonprofit and grassroots sectors to invest in the campaigns, publicly act on the goals and fight to make household financial wellbeing a national priority.