Community Advocates Public Policy Institute is pleased to welcome author Rachel Schneider on Wednesday, November 15, for an expert panel discussion on economic insecurity inspired by her recent book with Jonathan Morduch, The Financial Diaries: How American Families Cope in a World of Uncertainty.
Joining Schneider will be Earned Income Tax Credit expert Steve Holt and Community Advocates COO Maudwella Kirkendoll. The Public Policy Institute's Julie Kerksick will moderate the panel.
You may have caught Schneider’s interview on WUWM’s Lake Effect in July, when she and Mitch Teich discussed how volatile a household’s cash flow can be, even when its members are employed. That’s because many workers, often overlooked in media reports and economic research, have their hours cut when work is slow, work on commission or tips, or have seasonal ebbs and flows in their incomes that often don’t match their expenses.
Schneider and Morduch delved into this phenomenon in The Financial Diaries, based on their original research tracking 235 low- and moderate-income households over the course of a year. They collected highly detailed data on how families manage their finances on a day-to-day basis. The result is “a must-read for anyone interested in the causes of—and potential solutions to—American poverty,” according to Publisher’s Weekly, which selected The Financial Diaries as one of their Books of the Week.
Community Advocates Public Policy Institute will provide refreshments before our expert panel discussion.