The Latest from the Hidden Lives of America's Poor and Middle Class

Thanks to the generosity of the Citi Foundation, the US Financial Diaries launched a blog and webinar series in partnership with Stanford Social Innovation Review. The series looks at the financial lives of working Americans and offer new insights for designing policies, programs, and products that can better meet their needs.  Over the past month, there have been a number of exciting updates in the series, including:

  • On February 4, FAI"s Jonathan Morduch and Rachel Schneider of the Center for Financial Services Innovation joined Ida Rademacher and Ellen Seidman to discuss examples of innovative products, programs, and policies that address income volatility and other challenges that households face as well as the prospects for policy change at the federal, state and local level.  You can view the webinar in its entirety here.

  • The Aspen Institute's Ida Rademacher explores policy solutions to providing families long-term financial security, Rachel Schneider and Nancy Castillo of CFSI highlight emerging fintech products, and Dave Prosser, SVP at Freedom First Credit Union, discusses responsible underwriting for SSIR's ongoing blog and webinar series.

  • FAI's Executive Director Jonathan Morduch discusses what the fight against poverty in the US can learn from the developing world and vice versa.

  • La June Montgomery Tabron, President and CEO of the W.K. Kellogg Foundation, applies insights from the US Financial Diaries project to the economic realities of families of color in America, where a persistent racial wealth gap and structural impediments to equality remain.