Displaying all posts under the topic of US Financial Diaries
April 15, 2014
Last week the New York Times highlighted a trend among low-income communities: people seeking tax prep at unregulated, sometimes fraudulent, pop-up shops. The article explains, "for millions of low-income Americans tax season means the biggest one-time influx of money all year." When preparers hand these customers a lump sum much larger than they're used to seeing on a daily basis, many filers don't think to check the numbers.
February 6, 2014
The Taylors overdraft their checking account every two weeks, on purpose.
January 28, 2014
“Wow, the consumer knows about that?”
November 6, 2013
As a field researcher collecting data for the US Financial Diaries project in Cincinnati, I interviewed 30 low-income families about the details of their household finances over 16 months. One question was always in my mind: What’s the difference between their financial lives and mine? And how might this comparison help design financial products for people who are struggling to make ends meet? One of the most important distinctions I identified was our vastly different abilities to save.
October 30, 2013
Buried at the bottom of Shaila Dewan's recent New York Times article on "Microcredit for Americans" is an idea that deserves much more attention:
October 21, 2013
The U.S. Financial Diaries is a research project tracking more than 200 low- and moderate-income households over the course of a year, collecting highly detailed data on household financial activity. New York University’s Financial Access Initiative (FAI), CFSI, and Bankable Frontier Associates (BFA) recently released the Household Profiles.
November 26, 2012
We do our best (not always successfully) to keep up with new research relevant to finance, poverty and development. Today, I’ll be sharing highlights from some new papers by FAI affiliate Sendhil Mullainathan.
September 14, 2012
This is our late summer/back to school edition of Links We Like. Let us know if we missed anything critical over the summer!