Overview

Nearly half of all American adults live paycheck to paycheck. These misunderstood majority of tightropers spend time, effort, and tons of emotional energy balancing their lack of capital with increasing demands on those limited financial resources. Economic instability is the new normal across all income levels. Teetering: Why So Many Live On A Financial Tightrope And What To Do About It addresses the critical question, what's wrong with American policies and the financial institutions that are failing so many hard-working people today? It merges original research with stories from real-life tightropers and makes the case for urgent action by financial institutions, innovators, investors, regulators, policymakers, and influencers to recognize and change the financial forces that push the American dream out of reach for nearly half of the adult populace. Teetering proposes common-ground solutions that work regardless of political leaning and provides a roadmap for how innovators can serve this growing need and for how banks and others can start saying yes to their customers again.

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9781665173520

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Ken Rees is the founder and CEO of Covered Holdings, a company that uses newly available data sources and analytics to disrupt traditional financial services available to underserved Americans. A leading financial technology innovator for over two decades, Rees is passionate about serving the underserved. He was founder, CEO, and Chairman of the Board of Elevate, a company he took public in 2017. Elevate is a leading provider of online credit in the US and UK, and has originated over $7 billion in credit to over 2 million non-prime consumers and saved them more than $5 billion over what they would have spent on payday loans. Prior to Elevate, Mr. Rees was the founder and CEO of CashWorks, a financial technology company acquired by GE. Earlier in his career, he ran CSC Index's West Coast financial services consulting practice. Mr. Rees is a well-known speaker and writer in the financial technology industry. He has delivered keynote speeches and other presentations at industry conferences such as Money 20/20, LendIT, Finovate, and Lend360, as well as to the Federal Reserve Bank. He has been profiled in the popular Corner Office column of the New York Times, and his opinion pieces have appeared in the Wall Street Journal, American Banker, and Business Insider, among other publications. In 2012, he was selected by Ernst & Young as an Entrepreneur of the Year, and in 2017 he was named an Innovator to Watch by Bank Innovation. He graduated from Reed College with a degree in mathematics and earned his MBA in finance and statistics from the University of Chicago. Graham Rowat, an Earphones Award-winning narrator, is a television and theater actor who is best known for his stage performance in Dracula, Beauty and the Beast, and Mamma Mia.

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