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.