Financial expert Rachel Schneider and economics professor Jonathan Morduch report on how low to moderate income families moderate money in their book everybody lies big data, new data, and what the internet reveals about who we really are the financial dirari diraries host rachel, ever book and story has a collaboration story. I am curious how you two met . This is really an arranged d marriage. The thunder and Ford Foundation wanted to represent the work jonathan had done internationally. The book inspired many people but one question it sparked is why dont we have the same level of intuition and knowledge about what is happening in peoples Financial Lives in the u. S. . We have a ton of data. The funders wanted to do that work here. But i think they knew and jonathan knew there should be a local partner. So i have always described myself as the local color in this project. That was my original role. Host just tell us a little bit about how you were the local color. Guest i work with
About whats happening in peoples Financial Lives in the us . We have a ton of data and yet somehow this and managed to give a different kind of insight so the funders really wanted to do that work here. But i think they knew and jonathan knew there could be a local partner so ive always described myself as the local color on the project. But that was my original role. Tell us a little bit about how you were the local color. I work at a place called the centerfire Financial Services innovations and we work on dental health, trying to improve the Financial Health of americans but at the time, we were spending, we were focused on theissue of being under banked. And we were founded out of this idea to get more people dental access and we did a lot of research, we did the First National study of to understand what it meant to be under banked, the public study about that sowhen i joined , my first job was one of the things my bossfirst asked me to do , jennifer toucher who founded it said yo
And Group Retirement products. Thats why we are your retirement company. Additional support has been provided by the tisch wnet stt Lincoln Center in new york, this is pbs newshour weekend. Thompson good evening. Thanks for joining us. Im megan thompson, in for hari sreenivasan. The iraqi army claimed a major victory today over Islamic State militants. The army said it has defeated isis fighters in the city of ramadi, about 80 miles west of baghdad, after a week of heavy fighting. An Iraqi Military spokesman said the u. S. Trained troops have retaken a complex isis was using as a headquarters and are now focusing on clearing out pockets of resistance. The Iraqi Government plans to hold a flag raising ceremony over the complex on monday. Ramadi was captured by isis in may, in what was seen as an embarrassing defeat for the iraqi army. At the time, u. S. Defense secretary ash carter said iraqi forces had shown, no will to fight. Cleanup and Recovery Efforts are underway in the suburbs of
Know, hes weighed in on anything that finally were going to get some clarification. The big mover today is delivering alpha. It is. It is. A lot of people promise to seek alpha. Very few deliver. This is the humphrey hawkins, maybe his last one, among the House Financial Services committee on Monetary Policy begins at 10 00 eastern. But his prepared remarks will be made in time for us to look at them at 8 30 eastern and investors obviously are going to be hanging on every word, if he adds and if, if he takes out an adjective, you never know about the future of the feds bond buying program, which we tried to say that we were going to good news as good news and im not convinced were there yet. Every time you think something im not there yet either. It is still the addicts are still it is the accommodative punch bowl that i do think the biggest shock may be out of the system. Cant confuse people again that fed tapering may be coming. May be the biggest shock. This ridiculous argument abou