Tuesday, July 25, 2017

28 July 2017: America's Economic Anxiety

Jonathan Morduch
NYU Wagner Graduate School of Public Service

Shamika Ravi, Brookings India & Brookings Institution

The traditional narrative about financial success in America is that hard work, steady saving, and a little bit of luck will ensure financial security, a comfortable retirement, and a better future for one’s children. But, as the 2016 elections demonstrated, large numbers of Americans feel that the “American Dream” is increasingly out of reach. Their insecurity is so pronounced that when asked by Pew Charitable Trusts if they would rather be a little richer or have a more stable financial life, 92 percent of Americans chose stability. In The Financial Diaries: How American Families Cope in a World of Uncertainty, Jonathan Morduch and Rachel Schneider explain why this is happening – and what needs to change – based on the results of their ground- breaking study, the U.S. Financial Diaries (USFD). Further details about the book can be found here.

Organised by:
Brookings India

Date: July 28, 2017
Time: 03:00 P.M.

Kamalnayan Bajaj Auditorium
Brookings India
No. 6, Second Floor,
Dr. Jose P. Rizal Marg,
New Delhi-110021


Please RSVP to sgupta@brookingsindia.org

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