Over the last few decades, disparities in income, wealth, and mobility have widened in the United States, but the U.S. fares worse in wealth inequality than income inequality. Wealth, in particular, is crucial to many functions across the life course and between generations, including but not limited to: spending on healthcare and education, acquiring and retaining investments for profit, weathering unexpected expenses or shocks, ascribing social status, and transferring assets to children and/or other family members.