Economic opportunity is about the presence or absence of opportunities and barriers that affect an individual’s ability to realize economic sufficiency and stability. A multitude of interconnected factors impact an individual’s ability to achieve economic well-being, including many that are beyond the individual’s control. Some of these factors are:
Availability of jobs paying living wage
Access to non-predatory lending establishments
Minimum wage standards
Economic status of personal and professional networks.
An equal set of opportunities to succeed economically does not present itself to all people, nor do all people face the same barriers to economic success.
Disparities in opportunities and barriers to economic success, along with the resulting disparities in outcomes are explored throughout the indicators of the Economic Opportunity theme.