About this item
Deep within the American Dream lies the belief that hard work and steady saving will ensure a comfortable retirement and a better life for one's children. But in a nation experiencing unprecedented prosperity, even for many families who seem to be doing everything right, this ideal is still out of reach.In The Financial Diaries, Jonathan Morduch and Rachel Schneider draw on the groundbreaking U.S. Financial Diaries, which follow the lives of 235 low- and middle-income families as they navigate through a year. Through the Diaries, Morduch and Schneider challenge popular assumptions about how Americans earn, spend, borrow, and save--and they identify the true causes of distress and inequality for many working Americans. We meet real people, ranging from a casino dealer to a street vendor to a tax preparer, who open up their lives and illustrate a world of financial uncertainty in which even limited financial success requires imaginative--and often costly--coping strategies.
About the Author
Jonathan Morduch is an economist at New York University. He writes about the financial lives of low-income families and how they connect to poverty and inequality.
Morduch teaches on international development economics, but his most recent book, The Financial Diaries (with Rachel Schneider) , tells the stories of families in the United States.
Morduch is Executive Director of the Financial Access Initiative at NYU, and a professor of public policy and economics at NYU's Wagner Graduate School of Public Service.
website: https://wp.nyu.edu/jmorduch/
