The Wealth Gap: What is it and why does it matter?
Wealth, or net worth, is the value of assets (such money in checking accounts, retirement savings, the value of your home) minus debts (such as credit card debt and home mortgages)
Wealth matters because
- wealth allows people to make ends meet if they lose their job, face a large unexpected expense, or cannot work due to illness
- wealth can be passed from generation to generation
- wealth can be used as collateral for loans
- wealth helps support people during retirement
Just Released: 2013 data from Dr. Chang's new report "Women and Wealth: Insights for Grantmakers," published by the Asset Funders Network! Click Here for full report
Data Highlights below:
Source: Chang, Mariko. 2015. "Women and Wealth: Insights for Grantmakers." Asset Funders Network.