The traditional narrative about financial success in America is that hard work, steady saving, and a little bit of luck will ensure financial security, a comfortable retirement, and a better future for one’s children. But as the 2016 elections demonstrated, large numbers of Americans feel financially insecure and frustrated that the “American Dream” is increasingly out of reach. In the book, Morduch and Schneider explain why this is happening—and what needs to change—based on the results of their groundbreaking study, the U.S. Financial Diaries (USFD). A joint initiative of NYU Wagner’s Financial Access Initiative and the Center for Financial Services Innovation, USFD tracked 235 low- and moderate-income households for a full year to collect highly detailed data on how families manage their finances on a day-to-day basis. By tracking everything the families spent, earned, borrowed, saved, and shared in careful detail, Morduch and Schneider uncovered new insights about the financial lives of Americans that traditional studies have missed. In THE FINANCIAL DIARIES, they introduce us to the stories of these families, challenge conventional wisdom about inequality, financial literacy, and how families manage their money, and recommend ways to design financial services policies, programs, and products to better serve American families.