Photo credit: The Aspen Institute
This past July, the Aspen Initiative on Financial Security held its fourth annual Financial Security Summit. Participants convened for a session titled, “Income Volatility and Economic Shocks.” This panel featured Fiona Greig, Director of Research at the JPMorgan Chase Institute; Jonathan Morduch, Professor of Public Policy and Economics at NYU; Michael Collins, Faculty Director of the University of Wisconsin Center for Financial Security; Garry Reeder, Director of Consumer Protection Practice at Blackrock; Rachel Schneider, Senior Vice President at the Center for Financial Services Innovation (CFSI); and was moderated by Josh Barro of The New York Times. The panelists explored several facets of income volatility—the causes behind it, how many families are impacted by it, what problems result from it, and potential solutions to address it.
For more information and to read both Jonathan and Rachel's thoughts on USFD data, click here.