The State of Inclusion in the U.S. Financial System: Benchmarking Progress, Gaps, and Disparities
The Aspen Institute’s Financial Security Program
First published November 2023
The State of Inclusion in the U.S. Financial System follows Aspen FSP’s report, Towards a National Strategy for Financial Inclusion, and moves from making the case for why the U.S. should have a National Strategy for Financial Inclusion to how. In this publication, we introduce U.S. policymakers to an assessment of the current state of inclusion in the U.S. financial system, and share processes, disparities, gaps and assess the overall state of inclusion in the following sectors:
- Banking and Payments
- Short-Term Savings
- Long-Term Savings and Investing
- Credit
- Insurance
Policymakers can use this report to advocate for and chart their approach to developing the United States’ inaugural National Strategy for an Inclusive Financial System. Private and social sector leaders can use this document as a resource to advise and engage with policymakers.
The envisioned U.S. National Strategy for an Inclusive Financial System stands as a powerful tool to improve household financial security and build a stronger, more inclusive economy for all.