NextBillion

An Interview with Rachel Schneider, Senior Vice President at CFSI

An Interview with Rachel Schneider, Senior Vice President at CFSI

Millions of Americans are facing "a shocking level" of income and expense volatility - much like what's experienced in emerging markets. That's the key finding of a new book by Rachel Schneider, Senior Vice President at CFSI, and Jonathan Morduch of New York University. Called "The Financial Diaries, How American Families Cope in a World of Uncertainty," the book presents insights gained from tracking the financial lives of 235 low and moderate income households for a full year, exploring in remarkable detail the ways they deal with financial insecurity. Schneider discusses the research and its implications for America's economic, social and political future in this wide-ranging interview.

Duration: 36 min

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