Securing your legacy: How JPMorganChase is helping communities build and preserve wealth

For too many across the country, securing generational wealth feels out of reach. Data shows that 43% of families have difficulties paying bills or expenses, and nearly half spend either the same as or more than their income, leaving little financial slack. Persistent wealth gaps, the high cost of living, and limited access to credit all contribute to cycles of financial instability.

For those who are able to save and buy a home or open a small business, preserving the wealth they have built can be challenging, too. For example, for small business owners ready to retire, not having the right succession plan in place can result in lost jobs and a lost legacy for families and communities.

In today’s economy, the difference between financial security and financial strain often comes down to access – to knowledge, resources, and opportunity. JPMorganChase has worked to expand access to these important pillars of financial health – because we know our business is only as strong as the communities we serve.

Recognizing that breaking barriers to wealth building requires a multifaceted, long-term approach, we are leveraging our unique philanthropic resources and expertise, in addition to leading business solutions, research, and policy advocacy, to help more people build wealth – and sustain it.

This October, we are kicking off our first Wealth Building Month by announcing more than $18 million in philanthropic funding and a $12 million loan from our Impact Finance and Advisory team to support organizations working to remove barriers to wealth creation and ensure that more people can participate fully in the economy.

Through new and expanded initiatives, this commitment will help provide succession planning support for small business, advance solutions that allow families to access the benefits of homeownership, safeguard Americans from fraud and scams and harness workplace benefits to bridge wealth disparities, and foster career building opportunities.

• Business growth and entrepreneurship: Recognizing that small businesses are the backbone of local economies, the bank is supporting programs that help business owners prepare for the future, as well as support aspiring entrepreneurs in exploring paths to business ownership and building wealth.
• Community development: Owning a home has long been considered one of the most reliable ways to build wealth. Beyond providing shelter, a home is a valuable asset that can appreciate over time, build equity, and serve as a financial resource for generations. By supporting initiatives like affordable mortgage programs, we’re helping families secure their financial futures and strengthen communities.
• Financial health: By providing access to financial products and services, we enable individuals to effectively manage their financial lives, save for the future, build credit and wealth, and foster economic mobility. This includes taking advantage of appropriate workplace benefits and safeguarding against fraud and scams.
• Careers and skills: Investing in skilled trades and apprenticeship programs gives people the chance to learn valuable, in-demand skills while earning a paycheck. JPMorganChase supports many of these practical paths to well-paying jobs, financial stability, and long-term prosperity.

Wealth is more than numbers on a balance sheet – it’s the freedom to dream, plan, and thrive. As economic challenges persist, the need for collaborative, innovative solutions to driving economic growth has never been more important. We know that securing a legacy of wealth requires more than financial products; it depends on sustained investment in access to resources, knowledge, and opportunity. This Wealth Building Month and beyond, we’re working to help more communities achieve financial security and ensure that the chance to build and preserve wealth is within reach for all.