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Techonomy: The Next Phase in Financial Services

by U.S. Financial Diaries

Today, USFD and Omidyar Network were featured on Techonomy.com.  The piece describes the research project and also highlights recent early findings, focusing on income volatility:

"Yet, concurrent with this picture of classic American resilience, the Diaries also reveal a worrisome countervailing forcerising volatility of income and expenses, coupled with a growing unpredictability about the economic future. As traditional manufacturing jobs decrease, replaced with service industry or part-time, seasonal jobs that do not offer benefits, people are seeing huge spikes and dips in income. This makes financial planning almost impossible. How can you plan for next year when you aren’t even sure where you will be six months from now? Never mind retirement."

You can read the complete article here