The One Certainty in Personal Finances Today Is Uncertainty

In this episode of Motley Fool Answers, Robert Brokamp is on his own to interview Rachel Schneider, a senior VP at the Center for Financial Services Innovation, and professor Jonathan Morduch, who teaches public policy and economics at NYU, about their new book, The Financial Diaries: How American Families Cope in a World of Uncertainty.

For the study behind the book, their team tracked essentially everything about the finances of 235 families in five states for a full year, giving them deep insights into where we are succeeding, where we're not, and what obstacles are most commonly in our paths. But first, a quick Answers, Answers response to a listener trying to find a more profitable place to put his emergency fund.

A full transcript follows the video.

Source: Fool.com