Even as the economy recovers, unemployment decreases, and median income rises, millions of households in the United States continue to barely scrape by. For years, society has placed the responsibility for financial shortcoming on the individual: a character flaw. But behavioral science shows that it’s really a failing of the broader system: a design flaw.

In 2015, we launched the Common Cents Lab, supported by MetLife Foundation, to explore these system failures, and develop innovative and implementable solutions to measurably improve the financial well-being of low- to moderate-income households in the United States. Here’s what we’ve found.

The Deck Is Stacked

The current financial system and tools are not designed for the modern worker in modern society. Most mainstream financial products are built for long-term, salaried employees with regular income, predictable expenses, and plenty of free time.

Read more at Stanford Social Innovation Review