We understand that most people are involved with the issues the Women's Fund focuses because of an issue that touches their heart. That's why we've created a brief vocabulary review for normal people who don't use words like "income volatility" or "economic mobility" on a regular basis. Check it out.
Income: money received, especially on a regular basis, for work or through investments.
Income volatility: A year-over-year change in annual income of 25 percent or more.
Income gain: An increase of 25 percent or more in annual income from 2014 to 2015.
Income loss: A decrease of 25 percent or more in annual income from 2014 to 2015.
Stable income: Income shifts of less than 25 percent year over year.
Wealth inequality (also known as the wealth gap): is the unequal distribution of assets among residents of the United States.
Financial security: the peace of mind you feel when you aren't worried about your income being enough to cover your expenses. It also means that you have enough money saved to cover emergencies and your future financial goals.
Economic Security: the condition of having stable income or other resources to support a standard of living now and in the foreseeable future. It includes: probable continued solvency. predictability of the future cash flow of a person or other economic entity, such as a country.
Balance sheets: a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
Liabilities: a thing for which someone is responsible, especially a debt or financial obligation.
Wealth: values of homes, automobiles, personal valuables, businesses, savings, and investments.
Educational Attainment: the highest grade completed within the most advanced level attended in the educational system of the country where the education was received.
Poverty: state or condition in which a person or community lacks the financial resources and essentials to enjoy a minimum standard of life and well-being that's considered acceptable in society.