Each year, the federal government and philanthropic institutions invest substantial resources to support Americans’ economic mobility. In our new report, the third in the Mobility Experiences series, we provide a comprehensive overview of economic mobility funding and identify opportunities to boost impact. Our report draws upon an analysis of federal budget data and nearly 100,000 grants from the nation’s largest philanthropic institutions to calculate spending across different Mobility Experiences. These are the life experiences, such as completing postsecondary education and accessing healthcare, that have the greatest impact on lifetime income. In our earlier research, we calculated the relative financial impact of the leading Mobility Experiences and surveyed thousands of Americans to understand public demand for each. By cross-referencing this data, our new report identifies areas where the federal government and philanthropic institutions can most effectively boost economic mobility by supporting highly impactful and in-demand Experiences. Read more at https://lnkd.in/giyf2BKU #EconomicMobility
Marc Allen
1d
We're proud to have both humanized, and brought seminal financial data to, #economicmobility research. Thank you to all of the stakeholders who have contributed along the way, including: 1. Kimberly Brown and Bill & Melinda Gates Foundation for funding this work; 2. My wonderful Camber Collective team and our Urban Institute partners (Morgan DeLuce, Jenny Huang, Tess Hendelman, Brett Theodos, Samantha Fu and others); 3. Partner organizations who have contributed thought and research partnership to prior aspects of the Mobility Experiences research series, including Jim Shelton and Blue Meridian Partners, Loren Harris and the Ballmer Group, Darrick Hamilton and Institute on Race, Power and Political Economy, Martha Ross and The Brookings Institution, The James Irvine Foundation, Marcus Littles and Frontline Solutions, and of course JP Julien and his team for seeding work before this. We hope this series will be of benefit to your own impact ecosystems, and look forward to reconnecting with you all on what comes next.
Chris McShea
1d
Thanks Marc Allen and many collaborators. More powerful and detailed research in this critical area. My high level takeaways: 1. Spend is large (trillions) with most going to mitigate mobility declines. 2. Spending is increasing but so are needs, maybe faster. 3. We are not on “an efficient frontier” (nor close) in terms of today’s spend and this holds promise. 4. Part 1 of the research series provides a roadmap to greater impact. Feel free to correct. Curious if successful economic mobility instances have a “multiplier effect”? i.e. less mitigation needed from Federal programs for those individuals in the future.
This is such important work! Thank you for sharing this report.