Weathering financial shocks
Each year we will identify a new challenge topic raising awareness and generating insights around the most salient financial challenges facing Americans.
Our Challenge for 2016 is Helping Americans Weather Financial Shocks. Why? Let’s face it: we are all one shock away from financial ruin…it just depends on the size of the shock. But for many Americans, financial shocks are small, simple things that can have devastating implications, like missing work due to illness, an unanticipated car repair, a sudden rent increase – things that could be averted or mitigated by innovative financial products.