Americans have fallen back in love with debt. Total household [...]
Money is tight, and you’re looking for expenses to cut. [...]
Since 2008 upward of four million families have lost their homes to foreclosure. However, many families who defaulted on their mortgages avoided foreclosure and still remain in their homes. In this brief, Hannah Thomas explores how families in foreclosure exhaust their wealth.
Low and moderate-income households are less likely to plan for long term financial goals, including retirement, and are less likely to seek out assistance with long term financial planning. Offering behavior-based financial planning interventions that leverage technology at teachable moments may prove to be an efficient and effective strategy to reach this vulnerable population.