Discover financial empowerment resources
Discover financial empowerment resources
In this report, the JPMorgan Chase Institute uses administrative bank account data to measure income and spending volatility and the minimum levels of cash buffer families need to weather adverse income and spending shocks. Inconsistent or unpredictable swings in families’ income and expenses...
In this video presentation Fiona Greig from the JP Morgan Chase Institute explains what banking data can tell us about income volatility in the United States. This presentation was given at the Prosper Canada Policy Research Symposium on March 9, 2018. Read the slide deck that accompanies...
The research and policy symposium on income volatility was held on March 9, 2018, in Toronto, Ontario. Speakers from Canada and the United States present on key research findings on the nature of income and expense volatility in the early 21st Century. Speakers also suggest policy solutions to...
The JPMorgan Chase Institute has assembled data assets and perspectives on income and spending volatility over the last three years and examined the impacts of extraordinary income changes from job loss and extraordinary expense changes, notably from medical payments. Here we take a holistic view...
Americans experience tremendous income volatility, and that volatility is on the rise. Income volatility matters because it is hard to manage. The typical household faces a shortfall in the financial buffer necessary to weather this volatility. Moreover, the decline in real wages since 2009 for all...
This report from the JPMorgan Chase Institute digs deeper into the demographics and sources of income volatility and provides an unprecedented look at the impact of the Online Platform Economy. This analysis relies on high-frequency data from a randomized, anonymized sample of 1 million Chase...
In this inaugural report, researchers from the JPMorgan Chase Institute analyzed proprietary data from JPMorgan Chase & Co. to determine how income and consumption fluctuate on a monthly and a yearly basis. Drawing from detailed transaction information for nearly 30 million customers, we...
Micro-entrepreneurs often lack the financial literacy required for the complex financial decisions they face. This research study conducts a randomized control trial with a bank in the Dominican Republic to compare the impact of two distinct programs: a standard accounting training versus a...
This is the first in a series of @ Issue Papers that looks at the participation of traditionally under-represented cohorts in postsecondary education. The purpose of this @ Issue Paper is to summarize what is currently known about the participation of low-income students in PSE, with a particular...