This Pew study of household financial security in America finds a striking level of financial fragility Despite the national recovery. The New York Times also recently analyzed America’s dwindling middle class as more fall into the bottom tier. Will we see a growth in responsible financial products that cater to this growing demographic?
The study reveals a striking level of financial fragility: Despite the national recovery, many families have experienced minimal wage growth, have few savings, and could not withstand a financial emergency. This reality must begin to change if the American Dream is to remain alive and well for future generations.