In this article from Next Billion, Jennifer Tescher and Tilman Ehrbeck tell us, “The financial fragility of American households is better understood now than it has ever been, and the picture is downright scary. It’s not enough to understand it, we have to act.” Read the full article to learn about the financial challenges facing […]
U.S. Financial Diaries Case study: Amy Cox is a white 34-year-old single mother of two. She lives with her children, Hailey, 9, and Andy, 8, near Cincinnati, OH. A natural caregiver, Amy works at a day care center.
A working paper from the U.S. Financial Diaries on income gains and month-to-month income volatility.
U.S. Financial Diaries: Savings plays a central role in conversations about American household finance. Surveys suggest that few American households save enough for retirement, nor are Americans adequately prepared for emergencies
Standard financial literacy curricula recommends that households should have at least three months of income set aside in emergency savings.
U.S. Financial Diaries Case study: Mateo Valencia, 31, and Lucia Benitez, 30, are an unmarried couple living in Queens with their four year-old son Pablo.
U.S. Financial Diaries: An Invisible Finance Sector – How Households Use Financial Tools of Their Own Making
The U.S. Financial Diaries (USFD) is an ambitious research project first-of-its-kind undertaken in the U.S. The project is collecting detailed financial data from more than 200 low- and moderate-income households over the course of a year.
U.S. Financial Diaries Case study: Sandra Young, 52, is an African American woman living in Brooklyn with her grown children: Tyler, 25, and Kayla, 24.
U.S. Financial Diaries Case study: Elena Navarro is a single, 27-year-old woman living outside of San Jose, CA.
The U.S. Financial Diaries (USFD) is a research study collecting detailed financial data from more than 200 low- and moderate-income households over the course of a year.
When asked whether “financial stability” or “moving up the income ladder” is more important, 77% of the participants in the U.S. Financial Diaries (USFD) research study chose “financial stability.”
As developing technology and new regulations continue to spark competition and transform the marketplace, deep consumer knowledge remains the key to success for businesses across the sector.