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Stacia West co-authors study: American Renters and Financial Fragility

Thursday, October 9, 2014

Stacia West, a Ph.D. student at the University of Kansas School of Social Welfare, and Dr. Gary Mottola the research director at the FINRA Investor Education Foundation have co-authored a study, American Renters and Financial Fragility, which highlights the financial vulnerability of renters. The study reveals that renters tend to be less financially stable than homeowners, have lower rates of financial literacy and are more likely to experience a large drop in income. The findings suggest that, given their financial fragility and low levels of financial literacy, the renter population could have a difficult time responding to income shocks and the financial consequences associated with them.

Read the FINRA Foundation news release or download the study published in the October 2014 issue of FINRA Foundation Financial Capability Insights.

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