Savings and assets important to security, not just income

Savings and assets are key to enabling upward mobility across a range of groups and income levels.

A ten-year long study has shown that families across all income levels experience a loss of income at some point.

However, families in low socio-economic groups are more likely to feel the effects of it long-term. This is due to a lack of resources to buffer negative impacts.

Read more at Brandeis University