JPMorgan Chase Launches Research Institute With Report on Income Volatility

U.S consumers are subject to a high degree of income volatility and have insufficient savings to overcome shortfalls in their budgets, according to the inaugural report of the JPMorgan Chase Institute. Because of the mismatch between income volatility and consumer spending habits, the authors suggest there is ample room for innovation in the market for companies that help consumers with medium-term financial decisionmaking. The Institute plans to use its access to proprietary data in future report to inform policymakers on topics related to the economy and business. Learn more...