JPMorgan & Chase
United States 
12 Sep BirthAmerican multinational investment bank and financial services holding company headquartered in NY.
United States 12 Sep Birth
Downtown Downturn: The Covid Shock to Brick-and-Mortar Retail
January 2023 Introduction Nearly three years after its onset, work-from-home (WFH) technologies and their effects are one of the most important and enduring economic legacies of the COVID-19 pandemic (Barrero, et al., 2021). According to the U.S. Census Bureau, 27.6 million Americans reported primar
The Dynamics and Demographics of U.S. Household Crypto-Asset Use
December 2022 U.S. households’ involvement in crypto-assets (hereafter, crypto) rose sharply during the COVID-19 pandemic alongside a substantial increase in the overall personal savings rate. Five years ago, only a tiny fraction of individuals held crypto. As of mid-2022, almost 15 percent of indiv
How families used the advanced Child Tax Credit
November 2022 On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law. The stimulus bill aimed to deliver direct relief to families and workers continuing to struggle financially during the ongoing COVID-19 pandemic. ARPA included provisions for an additional r
The Purchasing Power of Household Incomes from 2019 to 2022
October 2022 The rise in inflation since mid-2021 to multi-decade highs presents a worrying trend for households’ financial health, particularly if nominal incomes, or non-inflation adjusted income, of financially vulnerable families lag behind prices. Policymakers have noted that lower income house
Who benefits from the 2022 student debt cancellation?
August 2022 On August 24, 2022, the Biden Administration announced it would cancel up to $20,000 of federal student debt for certain borrowers. Borrowers with incomes less than $125,000 for single tax filers or $250,000 for joint filers are eligible for cancellation. Borrowers who received Pell gran
Expanding Access to Unemployment Insurance
August 2022 As part of its pandemic policy response, the U.S. government implemented the largest increase in unemployment insurance (UI) benefits in history. How did this unprecedented increase in unemployment benefits affect labor markets and household spending? This paper uses administrative bank
Income Driven Repayment: Who needs student loan payment relief?
June 2022 In March 2020, the federal government paused payments on all $1.5 trillion of federal student loans then outstanding in order to provide financial relief to borrowers during the COVID-19 pandemic.1 Federal student loans now total $1.6 trillion spread across 43 million borrowers. With the p
Household Pulse: The State of Cash Balances through March 2022
June 2022 The COVID-19 pandemic resulted in an unprecedented recession that impacted families’ financial positions. Based on recent JPMorgan Chase Institute research, our Household Finances Pulse leverages de-identified administrative banking data to analyze changes in cash balances during the COVID
Healthcare spending through the Pandemic: the impact of high-cost medical events on household finances
May 2022 Introduction Pandemic-driven disruptions to family finances and behaviors, as well as to the broader economy, raise many questions about the state of healthcare spending and its impacts on families. Large decreases and often slow rebounds in household spending have been well documented duri
Small business owner liquid wealth at firm startup and exit
May 2022 The relationship between small business ownership and wealth looms large in the imagination of policymakers and entrepreneurs alike. Indeed, people who own businesses are wealthier than those who do not. In 2019, the median net worth of self-employed families was $380,000—over four times la
Rising prices for fuel, rent, and food eat into families’ financial gains
April 2022 Facing the most rapid price increases since the early 1980s, many U.S. households are facing difficult choices, including whether to change purchasing habits or dig into savings. For example, between January 3 and April 4, 2022, fuel prices nationally increased by almost one-third. If thi
Lessons learned from the Pandemic Unemployment Assistance Program during COVID-19
April 2022 In response to the COVID-19 pandemic, the U.S. government implemented the largest expansion in eligibility to federal Unemployment Insurance (UI) benefits in history through the creation of the Pandemic Unemployment Assistance (PUA) program. This program expanded eligibility to self-emplo
Post-COVID Consumer Spending in New York City
April 2022 Consumer retail activity changed drastically after the onset of the COVID-19 pandemic, in amounts of money spent, types of goods and services purchased (Wheat et al. 2021b), distances traveled (Farrell et al. 2020), use of online retail (Wheat et al. 2021a), or combinations of health risk
Pull-up Update