Understanding Financial Stability and Poverty

This chapter delves into the complexities of financial stability, illustrating how individuals, particularly those near poverty, face unique challenges with unexpected expenses. It discusses the disparities in safety nets and the significance of race on financial resilience, while advocating for more nuanced approaches to income support programs. Additionally, the chapter highlights the difficulties of measuring individuals' resilience to economic shocks and explores innovative data analysis methods to inform poverty alleviation strategies.