The Financial Diaries

How American Families Cope in a World of Uncertainty

Jonathan Morduch, Rachel Schneider (Autoren)

Buch | Softcover

256 Seiten

2019
Princeton University Press (Verlag)
978-0-691-18314-5 (ISBN)

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The ideal of the American Dream seems increasingly out of reach, even for many families who are trying to do everything right. To find out why, Jonathan Morduch and Rachel Schneider followed 235 low- and middle-income families as they navigated a year of ups and downs. Through the groundbreaking US Financial Diaries project, we meet real people, from a casino dealer to a street vendor to a tax preparer, who open up their lives and reveal a world of financial uncertainty. For these families, even limited financial success requires imaginative—and often costly—coping strategies: forming saving clubs, borrowing from relatives, strategizing about skipping bills, and devising ways to keep money just out of easy reach. In The Financial Diaries, Morduch and Schneider challenge popular assumptions about how Americans earn, spend, borrow, and save. This book uncovers deeper causes of distress and inequality, starkly illustrating how changes in America have placed too much risk on the wrong shoulders. The authors describe new tools and policies—from fin tech apps that help people manage money to laws that guarantee predictable hours—that will improve stability for those who need it most.

Jonathan Morduch is professor of public policy and economics at the New York University Wagner Graduate School of Public Service. He is the coauthor of Portfolios of the Poor (Princeton), among other books. Rachel Schneider is the Omidyar Network Entrepreneur-in-Residence at the Aspen Institute and a senior advisor at the Center for Financial Services Innovation.

Acknowledgments ix

Introduction: A Hidden Inequality 1

Worlds of Uncertainty

1 Earning 21

2 Spending 47

3 Smoothing and Spiking 65

How Families Cope

4 Saving 87

5 Borrowing 110

6 Sharing 130

New Ways of Seeing

7 Sometimes Poor 151

8 Secure and in Control 168

Notes 179

Bibliography 203

Index 225

Erscheinungsdatum	01.11.2018
Zusatzinfo	14 b/w illus.
Verlagsort	New Jersey
Sprache	englisch
Maße	133 x 203 mm
Themenwelt	Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse
ISBN-10	0-691-18314-7 / 0691183147
ISBN-13	978-0-691-18314-5 / 9780691183145
Zustand	Neuware