We Tracked Every Dollar 235 U.S. Households Spent for a Year, and Found Widespread Financial Vulnerability
Author: Jonathan Morduch, Rachel Schneider
Topic: Financial well-being
Publisher: Harvard Business Review
Location: United States
Format: Article
Content Type: Research
Publication Date: April 12, 2017

Income inequality in the United States is growing, but the most common economic statistics hide a significant portion of Americans’ financial instability by drawing on annual aggregates of income and spending. Annual numbers can hide fluctuations that determine whether families have trouble paying bills or making important investments at a given moment. The lack of access to stable, predictable cash flows is the hard-to-see source of much of today’s economic insecurity.

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