US Financial Diaries

@USFDstudy

Telling the stories of how 200+ low- and moderate-income families manage their financial lives. A joint initiative with and .

usfinancialdiaries.org
Joined September 2014
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  1. Retweeted
    15 Feb 2019

    Yes, getting a big refund means you overpaid your taxes. But in a low-inflation environment that amounts to a pretty good savings mechanism for millions of Americans

    5 replies . 3 retweets 18 likes
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  2. 26 Nov 2018

    It's not just about tomorrow, but week-to-week and month-to-month ups and downs. See Chapter 7 of The Financial Diaries.

    Luckily, there is just such a concept: It’s called material security. Someone who has food and a roof over their head today, but doesn’t know whether they will tomorrow, should be considered poor
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    3 retweets 3 likes
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  3. Retweeted
    16 Oct 2018

    Most poor households are only sometimes poor. Steady jobs don't mean steady income. Policies often don't fit needs. Despite the evidence, it's remarkably hard to shift the narrative about poverty.

    Interesting new report on poverty & joblessness by buries the lede. It's certainly true that the persistently poor have low employment, but most of the poor are *intermittently* poor & have no joblessness.
    1 reply . 24 retweets 40 likes
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  4. Retweeted
    7 Aug 2018

    Important insights & leadership from co-author. Omidyar Entrepreneur-In-Residence

    "Some families can build up savings to provide a cushion. But for many workers, the cost of living is outpacing wage growth by such a wide margin that 'expecting them to save their way out of volatility is not realistic,'" via
    1 retweet 4 likes
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  5. Retweeted
    1 Aug 2018

    A great opportunity Fall 2018 Innovation Fund application is open. Three $150,000 grants available! Have a great idea that could bring real power to workers? Apply today at so spread the word

    6 retweets 6 likes
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  6. Retweeted
    27 Jul 2018

    How often do workers have 20 hours/week one month, and less than that another month (and thus would lose SNAP?) Our CPS analysis finds nearly 1 in 5 adults (!!!) have this work pattern over a 16 month period.

    1 reply . 14 retweets 26 likes
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  7. Retweeted
    24 Jul 2018

    Important research characterizing and highlighting labor market conditions (yes, they work) safety net recipients face...including low, volatile wages.

    My new paper: An understanding of the labor market that SNAP and Medicaid beneficiaries face makes clear that it will be difficult for many individuals and families to meet proposed work requirements. The issue: should we increase work requirements?
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    14 retweets 17 likes
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  8. Retweeted
    18 Jul 2018

    Perhaps better framed as: Friends and family are central to financial lives of 90%+ of the world, goal shouldn't be to change that but to make relationships work better for all. See issue brief from US Financial Diaries:

    ‘Why do friends and family remain central to Kenyans’ financial choices?’
    2 replies . 8 retweets 16 likes
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  9. 17 Jul 2018

    Policy should reflect actual financial lives and needs of Americans, especially low- and moderate-income families, not hypothetical models. An important step here.

    New Senate legislation on rainy day ("sidecar") savings. AARP first wrote about this in 2015 and continues to research the topic. Our new study on what workers want should be available in late September:
    7 retweets 9 likes
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  10. Retweeted
    24 Jun 2018

    thread about this new research note on how the legislated delay in the Earned Income Tax Credit has affected consumer spending ...

    “High-frequency Spending Responses to the Earned Income Tax Credit” by Aladangady, Aron-Dine, Cashin, Dunn, Feiveson, Lengermann, Richard, and Sahm
    1 reply . 28 retweets 39 likes
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  11. Retweeted
    22 May 2018

    About 40% of respondents chose a (hypothetical) steady-paying job over a (hypothetical) job with varying pay -- even when the variable-pay job paid a whole lot more. Wow. From the new (5/22/18) Federal Reserve SHED survey

    1 reply . 13 retweets 13 likes
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  12. Retweeted
    24 Apr 2018

    Here's my take on two important and accessible books about life on the margins of the US financial system and & : "Innovating and improvising the social contract in the US financial borderscape" …

    1 reply . 4 retweets 16 likes
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  13. Retweeted
    2 Apr 2018

    "The challenge philanthropy faces in fighting poverty is not beyond our ability to overcome, but it is beyond single organizations to do it alone,” says , president of the Foundation.

    10 retweets 17 likes
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  14. Retweeted
    28 Mar 2018

    Income volatility: The RCT! Turns out that those scheduling policies that complicate workers' lives and shift risk onto their shoulders don't lead to higher profit. Evidence from the Gap.

    2 replies . 27 retweets 34 likes
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  15. Retweeted
    21 Mar 2018

    Great piece by on income volatility with and data

    1 reply . 2 retweets 3 likes
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  16. Retweeted
    21 Mar 2018

    Debt and morality. Why aren't poorly-treated debtors rising up? Great conversation with historical context: talks with at

    6 retweets 7 likes
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  17. Retweeted
    15 Mar 2018

    by and by and -- book suggestions by , author of

    3 retweets 2 likes
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  18. Retweeted
    15 Mar 2018

    According to research, cash flow has major influence on when consumers receive healthcare, not just when they pay for it. How did the experts respond? Read our summary from the conference to learn more:

    1 retweet
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  19. Retweeted
    14 Dec 2017

    "Too Many Americans Suffer from Financial Instability. Their Employers Can Fix It"

    1 retweet 1 like
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  20. Retweeted
    7 Mar 2018

    50 years ago this week the first ever PSID interview was collected. The 4,802 initial interviews lasted 63 minutes on average, and were collected in-home by paper questionnaire.

    27 retweets 48 likes
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