Building and maintaining financial security is increasingly difficult for a growing portion of American households. Wealth is less prevalent in middle-class households and increasing among the already well-to-do. At the same time, poverty is growing and concentrating disproportionately among the...

The steep drop in the U.S. personal saving rate over the last decade has fueled speculation that Americans are spending recklessly. But alternative measures of personal saving show that households are actually setting aside a larger share of their resources than the official figures suggest. In...

Although some data show that household wealth is rising, we shouldn't be complacent about the flip side of the coin-that personal saving is in a nosedive.

The introduction of the Individual Development Account in 1996 opened the door to a new school of thought on ending the cycle of poverty.