Aspen Institute director: Wealth is not a luxury, but three in four U.S. households don’t have enough | Fortune

Aspen Institute Financial Security Program co-executive director Joanna Smith-Ramani said wealth is a necessity rather than a luxury, yet roughly three in four U.S. households lack sufficient financial cushion. The commentary, published by Fortune, frames the shortfall as a broad structural problem affecting the majority of American families rather than a narrow slice of low-income households. The 75% figure underscores how thin household balance sheets remain even as aggregate U.S. wealth has climbed. Watch for follow-up data and policy proposals from Aspen FSP on closing the wealth gap.