Financial Capital
Financial capital refers to the financial resources that so often seem to affect one's ability to get ahead. The most common form of financial capital is personal savings and investments or gifts from parents or other relatives. Financial capital can be a cushion to help a person get through hard times, pay for education or start a business. Typically, there is a relationship between financial capital and other forms of capital that may help to explain economic progress or the lack of it. This report identifies a variety of financial capital indicators as the most important in assessing mobility prospects. Financial capital indicators include wealth transfers, homeownership, retirement savings and entrepreneurship.
- Financial Capital - Figure 1: The Role of Income in Intergenerational Wealth Mobility
- Financial Capital - Figure 2: White Households and Households with High Incomes Are More Likely to Receive Wealth Transfers
- Financial Capital - Figure 3: Median Net Wealth of Owner and Renter Households
- Financial Capital - Figure 4: Median Housing Value by Income Quartile, 1995 and 2004
- Financial Capital - Figure 5: Homeownership Rates for The United States, 1965 to 2007
- Financial Capital - Figure 6: Homeownership is Common Across All Income Groups
- Financial Capital - Figure 7: Low-income Workers Are Less Likely to Participate in Personal Retirement Savings Programs, Even When Eligible
- Financial Capital - Figure 8: Relative to Social Security, 401(k) PlansWill Grow in Size, Significance
- Financial Capital - Figure 9: Self-Employment Can be a Good Strategy For Those with Low Incomes
- Financial Capital - Figure 10: Entrepreneurs Tend to Have High Savings Rates Relative to Their Household Income
- Financial Capital - Figure 11: Male Entrepreneurs More Likely to Make Gains Over Salaried Counterparts Than Women
- Financial Capital - Figure 12: In 2004, Women Nearly Closed The Gap in Professional Degree Attainment
