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The Washington Post featured research from the US Financial Diaries project in a recent review of smartphone apps and tools designed to help individuals manage their money and build savings.
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This past July, the Aspen Initiative on Financial Security held its fourth annual Financial Security Summit. Participants convened for a session titled, “Income Volatility and Economic Shocks.”
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Most financial literacy programs are geared toward steady paycheck earners with long-term savings goals. But how can programs assist households that are struggling with volatile incomes and unpredictable expenses?
Recently Mediaplanet included a feature on the findings of the US Financial Diaries project and how they can relate to more effective financial literacy approaches.
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The Toronto-based Globe and Mail featured work from the US Financial Diaries on employment and income volatility in a piece on the economic realities of low-wage workers in the sharing economy.
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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.
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Rachel Schneider, senior vice president at the Center for Financial Services Innovation, discusses the finances of low- and moderate-income households with Bloomberg's Mark Crumpton on "Bottom Line."
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Today, The Huffington Post quoted USFD principal investigator Rachel Schneider and featured several publications in its exploration of seasonal, low-wage jobs. Rachel emphasized that in additional in lumpy incomes, low-wage workers experience unpredictability in their work schedules.
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Earlier this week Vox highlighted research from the U.S. Financial Diaries focused on income volatility.
Through detailed data collection over the course of a year, USFD reveals hard-to-see aspects of the financial lives of working, one of which is the high level of uncertainty and unpredictability that households face when income flows are irregular...
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Earlier this week, both The New York Times and Vox highlighted research from the U.S. Financial Diaries focused on informal finance.
Low-income households often do not have access to formal financial services and operate in the "invisible finance sector," leaving them with no credit history...
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