Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTThomas KentSat, July 25, 2026 at 12:15 PM GMT+2 7 min readDaniel Megias/ ShutterstockMoneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.Owning a home, contributing to a retirement account, or maintaining an emergency fund may not be enough to achieve lasting financial security.A new report from the Aspen Institute's Financial Security Program (1) argues that Americans need a combination of liquid savings and appreciating assets to build what it calls "essential wealth" — the financial foundation needed to weather emergencies, invest for the future and retire comfortably.Must ReadBut according to the report, only 26% of U.S. households have reached that benchmark, leaving nearly three in four without enough wealth to fully achieve those goals."The headline finding is stark: The vast majority of American households — three out of four — do not have essential wealth," the researchers wrote.Worse still, this isn't just a look at in-progress wealth building."Most households do not reach essential wealth at any age," the report found, noting that even many Americans approaching or in retirement still fall short of the benchmark despite decades of saving.'Wealth is not just for the wealthy'The report defines essential wealth as having both sufficient liquid savings to absorb financial shocks and enough net worth invested in appreciating assets — retirement accounts, home equity or businesses — to build long-term financial security.Researchers argue that income alone isn't enough because wages pay today's bills, while wealth creates future opportunities and financial flexibility."Families cannot afford to wait for wealth until every other financial need has been met," the report states. "Wealth is not just for the wealthy. It is necessary for everyone."To reach the benchmark, households must clear both a savings threshold and a net worth threshold, which vary by age.For example, the report says a typical household in its 20s would need roughly $40,000 in net worth and six weeks' worth of take-home pay in liquid savings to qualify as having essential wealth. For households in their 30s, that illustrative benchmark rises to roughly $120,000 in net worth plus six weeks of income in cash savings.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info