Carrie Grimes
Founder and CEO of WorkMoney, a nonprofit helping Americans improve their financial lives, and author of The Joy of Money, a personal-finance guide focused on money habits, budgeting, saving, debt, and economic security.
Wage-Setting Choices and Financial Tools Both Shape Economic Security
Wages reflect employer choices as well as market forces, Arindrajit Dube argues, because workers cannot always move easily to better-paying jobs. Carrie Joy Grimes says personal-finance tools can help people act on their circumstances, but cannot repair the structural conditions that produce insecurity. Their shared case is that financial agency complements, rather than replaces, wage standards and safety nets: the former help workers manage the choices they face, while the latter address limits on pay and protection.
Money Advice Fails When Shame Keeps People From Facing the Math
Carrie Joy Grimes, founder of the nonprofit WorkMoney, argues on Masters of Scale that getting better at money requires treating it as both arithmetic and emotion. Drawing on WorkMoney’s more than 9 million members and her own experience as a union organizer, Grimes says fear, shame and isolation often prevent people from using financial information they may already have. Her case is that practical help with bills, debt and savings has to be paired with a broader effort to build collective power for middle-class Americans.