Includes bibliographic references (pages [203]-223) and index.
Contents
Introduction: A hidden inequality -- Worlds of uncertainty. Earning ; Spending ; Smoothing and spiking -- How families cope. Saving ; Borrowing ; Sharing -- New ways of seeing. Sometimes poor ; Secure and in control.
Summary
Drawing on the groundbreaking U.S. Financial Diaries project (http://www.usfinancialdiaries.org/), which follows the lives of 235 low- and middle-income families as they navigate through a year, the authors 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.