From NYU Press: Could a lack of close, meaningful social ties be a public—rather than just a private—problem? In Social Poverty, Sarah Halpern-Meekin provides a much-needed window into the nature of social ties among low-income, unmarried parents, highlighting their often-ignored forms of hardship. Drawing on in-depth interviews with thirty-one couples, collected during their participation in a government-sponsored relationship education program called Family Expectations, she brings unprecedented attention to the relational and emotional dimensions of socioeconomic disadvantage. Poverty scholars typically focus on the economic use value of social ties—for example, how relationships enable access to job leads, informal loans, or a spare bedroom. However, Halpern-Meekin introduces the important new concept of “social poverty,” identifying it not just as a derivative of economic poverty, but as its own condition, which also perpetuates poverty. Through a careful and nuanced analysis of the strengths and limitations of relationship classes, she shines a light on the fundamental place of core socioemotional needs in our lives.
Engaging and compassionate, Social Poverty highlights a new direction for policy and poverty research that can enrich our understanding of disadvantaged families around the country.
Due to be released in June 2019, Halpern-Meekin’s new book, Social Poverty: Low-Income Parents and the Struggle for Family and Community Ties, is available for pre-order now.
CFS Affiliate and Professor at the WI School of Business, Anita Mukherjee, along with her co-authors, Hessam Bavafa and Junhao Liu, published their article in the Journal of Consumer Affairs, which examines the subject of improving financial and health literacy in reducing economic vulnerability in older age. This paper delves into the question of how and by what means individuals accumulate these types of human capital by looking at the impact of online search activities on the levels of financial and health literacy.
CFS Research Fellow and Professor of Economics at the University of Connecticut, Stephen Ross, along with his co-authors Weiran Huang of the Department of Finance in NYC and Ashlyn Nelson from Indiana University Bloomington, have released a working paper and policy brief that examine the spillover effects of foreclosure within broad neighborhoods.
In their recently published Housing Policy Debate article, co-authors Stephen Ross and Marsha Courchane present an overview of the research on discrimination in mortgage underwriting and pricing, the experiences of minority borrowers both prior to and during the financial crisis, and federal efforts to mitigate foreclosures during the crisis. They discuss the history of legal cases alleging disparate treatment of minority borrowers, and recent cases alleging disparate impact in the wake of the Supreme Court’s Inclusive Communities decision. Using these discussions as a background, Ross and Courchane examine and discuss mortgage regulations issued by the Consumer Financial Protection Bureau following the financial crisis, describe recent developments in the FinTech industry and explore the implications for fair lending policy and minority borrowers more generally. The authors draw conclusions and make recommendations for improving the mortgage market outcomes of minority borrowers and increasing minority borrowers’ access to credit.