ProjectBuilding Financial Resilience Amidst Macroeconomic Dynamics

Many families considered financially vulnerable possess considerable strengths and resilience that contribute to their well-being. However, the lack of income (or wealth) can make them more susceptible to the adverse effects of macroeconomic uncertainty than those with greater financial resources, undermining their confidence and hindering their investment activity.

Through the support of the Prudential Foundation, this research project aims to show the link between macroeconomic trends and household economic experience. It will illustrate how wealth, or lack of it, can amplify the impact of macroeconomic fluctuations on vulnerable communities—specifically, how preexisting vulnerabilities can amplify the impact of macroeconomic trends on at-risk communities.

Urban research team will examine three broad asset classes: financial investments, retirement plans, and life insurance. The goal of this research is to shape public policies targeting low-wealth communities by developing tools for financial resilience amid adverse macroeconomic shocks. The team will also document financial strategies and other industry practices that can be used to support the resilience and wealth-building needs of vulnerable communities.
Research and Evidence Housing and Communities Family and Financial Well-Being
Expertise Aging and Retirement Housing Housing Finance Policy Center
Tags Economic well-being Employment Families with low incomes Family and household data Financial products and services Financial stability Latinx communities Race, gender, class, and ethnicity Racial and ethnic disparities Racial inequities in employment Racial wealth gap Structural racism Asset and debts Family credit and debt Family savings Welfare and safety net programs