A new metric called "essential wealth" has been developed by the Aspen Institute Financial Security Program to assess financial resilience beyond basic needs. The metric indicates that only 26% of U.S. households possess essential wealth, defined as having appreciating assets like a home and retirement accounts, along with sufficient liquid savings to handle risks and plan for the future. A significant portion of households, 43%, are in a middle tier with enough net worth for basic expenses but lacking the foundation for long-term prosperity and resilience, with this gap persisting even as individuals approach retirement age. AI
RANK_REASON The item discusses a new metric and its implications for financial security, which falls under commentary rather than a direct release or significant industry event.
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