"Portfolios of the Poor," co-authored by Prof. Jonathan Morduch, Helped Inspire a New App to Address Income Volatility: NY Times Magazine
“Want A Steady Income? There’s an App for That,” a piece published Sunday, May 3, in The New York Times Magazine, focuses on a Silicon Valley app-in-development partly inspired by Portfolios of the Poor: How the World’s Poor Live on $2 a Day, the groundbreaking book (Princeton University Press, 2009) written by NYU Wagner Professor of Public Policy and Economics Jonathan Morduch, NYU Wagner PhD Daryl Collins, and two others. The anticipated app is designed to help households manage what has been called America's “hidden inequality” – the profound stresses and disruptions income volatility can cause.
Professor Morduch’s research centers on microfinance, social investment, and the economics of poverty. He is the Executive Director and Founder of the Financial Access Initiative (FAI). His current “U.S. Financial Diaries” project examines how income volatility affects low- and moderate-income U.S. families.