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🔗 Source: staging.community-wealth.org
📊 Size: 2.64 MB
📄 Pages: 18 pages
⬇️ Downloads: 71

Summary

A study found that income-disrupting life events, such as unemployment, poor health, and divorce, occur frequently and have significant costs and consequences for financial well-being. Low- and moderate-income families, as well as families of color, are disproportionately affected by these events and have limited resources to navigate them. The study found that nearly two-thirds of families experienced some kind of financial disruption over a 12-year period, with unemployment being the most common. African American families were more likely to experience unemployment, with a rate nearly double that of white families. The study also found that families with lower levels of education were more likely to experience unemployment and other financial disruptions. As a result, these families often have to make trade-offs between stability and future opportunities, leading to deeper costs and consequences.

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Description

A study found that income-disrupting life events, such as unemployment, poor health, and divorce, occur frequently and have significant costs and consequences...

Technical Information

  • File Format: PDF
  • File Size: 2.64 MB
  • Pages: 18
  • Language: EN
  • Total Downloads: 71
  • Last Updated: 1 week ago

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