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Daniel M. Sullivan

@dsullivan.bsky.social

295 followers 127 following 29 posts

Economist, Research Director @ JPMorgan Chase Institute. Consumer & household finance. www.danielmsullivan.com

Daniel M. Sullivan @dsullivan.bsky.social · 27/05/2026

Policymakers and wonks have long discussed moving more of the fiscal burden of these programs to states to help spur preventative investment. But most states would have trouble funding these programs. Can income targeting reduce the budget w/o leaving people vulnerable? Maybe...

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Daniel M. Sullivan @dsullivan.bsky.social · 27/05/2026

And people need that money fast for home repairs, replacing ruined groceries and other essentials. People in the disaster area got a $500 relief payment. High-inc people had a rush of spending as soon as the storm was over, while low-inc had to wait until they got their payment.

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Daniel M. Sullivan @dsullivan.bsky.social · 27/05/2026

If you don't have emergency savings, you might be able to use a credit card. But we also see that low-income families had income disruptions for almost two months after the storm, making it harder to pay back any credit used.

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Daniel M. Sullivan @dsullivan.bsky.social · 27/05/2026

When Hurricane Ida hit Louisiana in 2021, just over half of low-income families in the area had enough emergency savings to cover a $500 expense. Direct relief payments made a huge difference! Full report here:

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Daniel M. Sullivan @dsullivan.bsky.social · 27/05/2026

New Report from my team at the JPMorganChase Institute! Targeting disaster relief: Who needs aid to weather the storm? Lots of people don't have an emergency fund to cover disaster expenses AND many have their incomes disrupted! Who needs aid? Report: www.jpmorganchase.com/institute/al...

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Daniel M. Sullivan @dsullivan.bsky.social · 03/10/2024

I happened on this today while looking for something else, from the Other Institute. Looks like the spike in prices subsided as rates rose (probably some causality there). But median and average payments are not up much more than inflation. NB: some of this throws out people who miss any payments

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Daniel M. Sullivan @dsullivan.bsky.social · 03/10/2024

Delinquencies aren't too crazy yet. Credit got pretty loose in '21-'22, so the overall credit pool is more risky and it's an open question how much of recent credit trends (delinq., underwater) are from that.

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Daniel M. Sullivan @dsullivan.bsky.social · 06/11/2023

Hello, #EconSky, we're hiring at the JPMC Institute! Come lead our research on mid-size business! Early career PhD's, including rookie JMC's, are a great fit, no prior middle market exp required. Please reach out w/ Q's about the job, Institute, etc! jpmc.fa.oraclecloud.com/hcmUI/Candid...

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