The Financial Diaries

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 even for many families who seem to be doing everything right in an era of unprecedented prosperity, this ideal is still out of reach.

In The Financial Diaries: How American Families Cope in a World of Uncertainty, NYU economist Jonathan Morduch and Center for Financial Services Innovation SVP Rachel Schneider draw on the groundbreaking U.S. Financial Diaries project, which followed the lives of 235 low- and middle-income families as they navigated through a full year. Combining hard facts with in-depth personal stories, The Financial Diaries presents an unparalleled inside look at the economic stresses of today’s families and offers powerful, fresh ideas for solving them.