When bills are due, some households can tap into a savings account or shift spending to a credit card to make ends meet. However, for the millions of Americans without an extra savings cushion or access to reliable credit, the challenge of household liquidity is complex and costly. The Financial Solutions Lab Brief on Cash Flow Challenges will explore consumer cash flow management and savings issues, explain the impact on financial health, and the opportunity for innovation. By raising awareness to this challenge, providing more detailed consumer understanding, and bringing in leading lessons from behavioral economics and user-centered design, the Lab aims to support a burgeoning landscape of innovative solutions that help consumers better manage their day-to-day income and expenses, build an emergency fund, and open access to lower-cost, higher-quality credit options. Read the brief.
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