In this article, Patricia Cohen, of the New York Times, cites the Center for Financial Services Innovation’s U.S. Financial Health Pulse.

“Low wages in many sectors have contributed to financial instability. More than a quarter of Americans don’t earn enough to cover basic expenses, while more than a third are unable to pay all their bills on time, according to a report released Thursday by the Center for Financial Services Innovation, which is funded by nonprofit foundations and several banks. That shortfall has contributed to mounting credit card debt and loan defaults.”

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