Responses to and Repercussions from Income Volatility in Low- and Moderate-Income Households: Results from a National Survey
Author: David S. Mitchell, Krista Holub, Michal Grinstein-Weiss, Sam Bufe, Stephen Roll
Topic: Financial well-being
Publisher: The Aspen Institute
Location: Canada
Format: Brief
Content Type: Research
Publication Date: December 22, 2017
This is the second in a series of briefs produced by a partnership between the Aspen Institute’s Expanding Prosperity Impact Collaborative (EPIC), Washington University’s Center for Social Development (CSD), and the Intuit Tax and Financial Center. The first brief highlighted new data on the prevalence of income and expense volatility in low- and moderate-income households. This brief will focus on the potential consequences of volatility and how it relates to financial behavior.
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