If your income yo-yos from month to month, turn to the “gig economy” to offset pay dips.
Pioneering research from the JPMorgan Chase Institute has unveiled widespread monthly income volatility among Americans. Diana Farrell, the CEO of the JPMorgan Chase Institute, in conversation with Rebecca Rosen, a senior editor at The Atlantic, thoughtfully surmises the causes and effects of such fluctuations. getAbstract recommends Farrell’s insights to anyone whose income and expenditure yo-yo from one month to the next.
In this summary, you will learn
- How new metrics have exposed the extent of income volatility among Americans,
- What phenomena lead to such volatility and
- What role the “gig economy” can play in offsetting economic volatility.
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