Economic mobility refers to people’s ability to improve their economic status over the course of their lifetimes. Economic mobility requires access not only to income, assets, training, and employment, but also more intangible resources like power — the ability to make choices for yourself and influence others — and social inclusion, according to the U.S. Partnership on Mobility from Poverty.
It’s expensive to be poor, which limits economic mobility. Fines and fees add up when someone is unable to pay a full bill, and financial institutions often aim predatory products at low-income customers. A family living in poverty will struggle to afford basic household expenses like property taxes, auto insurance, internet access, and utility bills as well as necessities like food and health care.
Below is an overview of the numerous research projects supported by Poverty Solutions that aim to promote a better understanding of drivers of and barriers to economic mobility.