Families often help each other out financially. In the short-term, financial help often prevents those in the network from economic collapse or a serious decline in their standard of living. Over the long-term, extended family financial support can provide a stepping stone to better opportunities, such as going to college, starting a business, or purchasing a home.
Key findings from The Web of Wealth: Resiliency and Opportunity or Driver of Inequality?, a new brief in the Institute on Asset and Social Policy’s Leveraging Mobility Series, were presented in this webinar.
These resources, including the additional report from the Institute on Asset and Social Policy’s Leveraging Mobility series, explores the role of extended family wealth networks in providing resiliency and opportunity, examines how wealth networks drive inequality, and discusses the implications for funders and practitioners.
Listen to the Webinar