“Future of Wealth” is an Aspen FSP initiative designed to expand, connect, and activate a diverse set of leaders committed to advancing a new wealth agenda. Our ambitious goal, necessarily appropriate to the scale of the problem, is to advance solutions that can 10x the wealth owned by households in the bottom half of the wealth distribution, as well as for households of color, within a generation.
In the decades leading to the 2020s, the U.S. has experienced historic levels of income and wealth inequality. The bottom 50% of the population holds just 2% of the nation’s wealth, a low point not seen since the 1920s. Realizing our vision will mean millions of families across the United States attain financial security and can build enough wealth to enable full participation in society, personal agency, and dignity. The benefits will flow to individuals, communities, the economy, and our democracy.
- Ideas: The identification and amplification of ideas – specifically a set of solutions that could advance our goal of 10xing the wealth of households of color and the bottom 50% of the population by wealth.
- Action: Laying the groundwork for action by developing and executing an issue campaign and other public and media engagement activities to increase stakeholder engagement and excitement about the possibilities for transforming wealth and ownership in the US.
- Leadership: Activating leadership by identifying, spotlighting, and stewarding a new network of leaders from government, philanthropy, the private sector and the nonprofit and grassroots sectors that will be invested in the campaign and willing to publicly act on the goals.
The Aspen Institute Financial Security Program’s Future of Wealth initiative is supported by the Annie E. Casey Foundation; the Citi Foundation; JPMorgan Chase & Co.; the Global Inclusive Growth Partnership (GIGP), an Aspen Institute collaboration with the Mastercard Center for Inclusive Growth; and Prudential Financial.
Visit futureofwealth.org for the initiative’s full catalog of reports, resources, partners, and upcoming events.