The Conversation U.S.Informal safety nets help many Americans with expenses – people at all income levels benefit from this ‘financial interdependence’ (By Eric Hengyu Hu and Paul L. Morgan, University at Albany, SUNY) #FinancialInterdependence #SafetyNets #IncomeEquality
https://theconversation.com/informal-safety-nets-help-many-americans-with-expenses-people-at-all-income-levels-benefit-from-this-financial-interdependence-242178
https://theconversation.com/informal-safety-nets-help-many-americans-with-expenses-people-at-all-income-levels-benefit-from-this-financial-interdependence-242178
Informal safety nets help many Americans with expenses – people at all income levels benefit from this ‘financial interdependence’
This unofficial and invisible safety net is widespread and operates at all income levels. But no one knows the actual scale of this web of informal transactions.