The Financial Diaries: How American Families Cope in a World of Uncertainty — Hidden Volatility
A household can earn enough over the course of a year and still struggle because the money does not arrive when the bills do.
Welcome to Crisis in Perception, where we examine the systems shaping our world.
Using The Financial Diaries: How American Families Cope in a World of Uncertainty by Jonathan Morduch and Rachel Schneider as our lens, this investigation looks beyond annual income to the month-to-month cash flows that shape financial security.
By following 235 working households for a year, Morduch and Schneider reveal a hidden inequality in exposure to financial volatility and access to…
The skinny
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