Family Finances

Responses to and Repercussions from Income Volatility in Low- and Moderate-Income Households: Results from a National Survey

December 22, 2017  • Stephen Roll, David Mitchell, Krista Holub, Sam Bufe & Michal Grinstein-Weiss

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This is the second in a series of briefs produced by a partnership between the Aspen Institute’s Expanding Prosperity Impact Collaborative (EPIC), Washington University’s Center for Social Development (CSD), and the Intuit Tax and Financial Center. The first brief highlighted new data on the prevalence of income and expense volatility in low- and moderate-income households. This brief will focus on the potential consequences of volatility and how it relates to financial behavior.