Research Report Working to Make Ends Meet during Good Economic Times
Breno Braga, Steven Brown, Signe-Mary McKernan
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Employment is a key step on the pathway to economic security, but having a job far from guarantees financial stability. This study finds that employment is not always an effective shield against financial insecurity. Among households with two working adults, about 23 percent experienced some form of financial insecurity and about 9 percent relied on alternative financial services to cover expenses. In addition, we find workers without job benefits are more likely to experience economic distress.
Research Areas Wealth and financial well-being Families Social safety net
Tags Families with low incomes Asset and debts From Safety Net to Solid Ground
Policy Centers Center on Labor, Human Services, and Population