JPMorgan & Chase
United States 
12 Sep BirthAmerican multinational investment bank and financial services holding company headquartered in NY.
United States 12 Sep Birth
When unemployment insurance benefits are rolled back
July 2021 In response to the COVID pandemic, Congress expanded unemployment insurance (UI) benefits in three ways. First, it increased the level of benefits through a $600 and then a $300 per week supplement. Second, it expanded the pool of workers who are eligible to receive UI via the Pandemic Une
Financial outcomes by race during COVID-19
June 2021 Introduction As the COVID-19 pandemic progressed, it became clear that its effects were not evenly distributed. In particular, the pandemic has taken a higher toll on communities of color, as hospitalization and death rates have been significantly higher for those groups (CDC 2021). These
Small Business Finances in Illinois during the COVID-19 Pandemic
June 2021 For small businesses across the country, the onset of the pandemic was an unexpected adverse shock to normal business. The early days of the pandemic were marked by widespread reductions in operations or even temporary closures as businesses abided by the restrictions necessitated by the p
Family cash balances, income, and expenditures trends through 2021
May 2021 More than a year after the declaration of national emergency on March 13, 2020, the COVID-19 pandemic continues to constrain economic activity in unprecedented ways. Restrictions on group gatherings and non-essential outings make certain businesses untenable, leading to layoffs and closures
Balancing accessibility and fraud prevention in housing assistance
April 2021 A central question for any government assistance program is how to reach the people who need help as quickly as possible while also making sure that those who receive help actually needed it? Studies show mortgage forbearance programs that require no documentation were largely utilized as
Renters vs. Homeowners
March 2021 Introduction The COVID-19 recession hit the lowest-paid sectors of the economy the hardest, resulting in lower-income Americans losing their jobs and income at higher rates.1,2,3 Renters, who tend to have lower incomes than homeowners, are more likely to have been impacted negatively by t
Small business ownership and liquid wealth
March 2021 Small business ownership is commonly thought to not only be a vehicle for financial stability and wealth building, but also a way to close the racial wealth gap. Small businesses are known to be a key component of the small business owner’s financial wellbeing (Gentry and Hubbard 2004), b
The First 100 Days and Beyond
February 2021 The COVID-19 pandemic has caused unprecedented health and economic consequences. Existing structural barriers in the U.S., made worse by the current crisis, have created profound racial inequalities — straining families’ economic mobility and restricting the U.S. economy. As decision-m
Unemployment insurance, job search, and spending during the pandemic
February 2021 Congress enacted a $600-per-week unemployment insurance (UI) supplement beginning in April 2020, resulting in jobless benefits which exceeded earnings for the typical jobless worker through the end of July 2020. Critics of the policy have suggested that the $600 supplement may have dis
The Paycheck Protection Program
January 2021 The COVID-19 pandemic has profoundly affected life as we knew it in the U.S. Small businesses may have been particularly vulnerable: the typical small business pre-pandemic had cash reserves to cover 15 days of outflows in the event of a total disruption in revenues. After the national
The Stock Market and Household Financial Behavior
January 2021 For this JPMorgan Chase Institute report, we analyze granular administrative retail bank data to explore the relationship between the U.S. stock market and consumer behavior, notably consumption and investment. Our research provides a historical perspective that can help policymakers un
Household Cash Balances during COVID-19: A Distributional Perspective
December 2020 Months after the declaration of national emergency on March 13, 2020, the COVID-19 pandemic continues to impact the economy and household finances in dramatic and unprecedented ways. Household spending, which initially fell sharply during the shutdowns in March and April (Cox et al, 20
Pull-up Update
