Data are from the Understanding America Study (UAS), a nationally representative, probability-based Internet panel.
From Short-Term Financial Well-Being to Long-Term Financial Security
Understanding what factors are associated with increases and decreases in financial well-being (FWB) is critical to helping people navigate from their current financial situation to long-term financial security, and what policy interventions might advance that goal. This paper examines how FWB evolves over time, what factors and behaviors are most predictive of large increases or decreases in FWB, and whether these relationships may have changed following the onset of the COVID-19 pandemic.
