How We Spend Money

Email a Friend
NYU economics professor Jonathan Murdoch discusses how he used data to examine the spending habits of 235 American families.

Jonathan Morduch, Professor of Public Policy and Economics at the New York University Wagner Graduate School of Public Service, joins us to discuss his new book, The Financial Diaries: How American Families Cope in a World of Uncertainty. Using data from a project that tracked 235 low- and moderate-income households over the course of a year, Morduch examines how families spend or save their money.