Financial cushions that can help overcome short-term financial shocks, the report says, can keep people from being derailed from their longer-term goals. (Photo: Shutterstock)
Maybe the long-term financial view isn't the right one to take — at least not exclusively.
A report from the Aspen Institute posits that focusing on short-term financial stability can be the way to bring about longer-term financial stability and security.
The report defines short-term financial security as “having enough of a financial cushion, broadly defined, to cope with everyday financial shocks, while still progressing towards financial goals.”
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
