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What Trump doesn’t understand about the poor

By and large, Americans can find jobs today. But too often those jobs have wild swings in pay. A mechanic, for example, might earn $3,500 one month and then drop to around $1,000 the next, when customers don’t materialize. The working poor and, increasingly, the middle class are in a state of “persistent anxiety” about […]

Thursday, June 15, 2017

By and large, Americans can find jobs today. But too often those jobs have wild swings in pay. A mechanic, for example, might earn $3,500 one month and then drop to around $1,000 the next, when customers don’t materialize.

The working poor and, increasingly, the middle class are in a state of “persistent anxiety” about their finances, says Jonathan Morduch, the co-author of a groundbreaking new book, “The Financial Diaries” with Rachel Schneider.

This article describes economic struggles of the America’s working poor, drawing on key findings from Morduch and Schneider.

Read the full article here