Americans actively engaging in collectivism as financial buoy, experts say

Friday, August 14, 2020 - 07:50 in Psychology & Sociology

The economic effects of the coronavius in the U.S. have brought Americans' preexisting financial precarity into stark focus. Karen Richman, University of Notre Dame director of undergraduate studies at the Institute for Latino Studies, and her colleague Joelle Saad-Lessler, associate teaching professor and associate dean of undergraduates at Stevens Institute of Technology, found that many people in the U.S. are relying on informal networks of family and friends to stay afloat in a recent study.

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