Full video of the seminar
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Key Speaker: Prof. Jonathan Morduch, Professor of Public Policy and Economics, NYU Wagner Graduate School of Public Service”.
Discussant: Dr. Shamika Ravi (Senior Fellow, Brookings India & Brookings Institution)
Abstract: The traditional narrative about financial success in America is that hard work, steady saving, and a little bit of luck will ensure financial security, a comfortable retirement, and a better future for one’s children. But, as the 2016 elections demonstrated, large numbers of Americans feel that the “American Dream” is increasingly out of reach. Their insecurity is so pronounced that when asked by Pew Charitable Trusts if they would rather be a little richer or have a more stable financial life, 92 percent of Americans chose stability. In The Financial Diaries: How American Families Cope in a World of Uncertainty, Jonathan Morduch and Rachel Schneider explain why this is happening – and what needs to change – based on the results of their ground- breaking study, the U.S. Financial Diaries (USFD). Further details about the book can be found here.
Speaker Profile: Prof. Jonathan Morduch is Professor of Public Policy and Economics at the Wagner Graduate School of Public Service at New York University. His research focuses on finance and poverty. Morduch is a founder and Executive Director of the NYU Financial Access Initiative. He is also the bestselling author of “Portfolios of the Poor: How the World’s Poor Live on $2 a Day”.
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About Development Seminars Series @ Brookings India
The Development Seminars Series @ Brookings India is a platform for global scholars to present their work to a curated audience of senior government officials, politicians, journalists, academics and policy enthusiasts. The format of the seminars includes a senior researcher as a lead presenter and a government/industry expert to discuss the results and relevance within the Indian context. The fundamental focus of the seminar series is to draw research-based insights to shape and influence policy dialogues in India, through purposeful and pointed discussions.
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