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The Data that Unites Us The Data that Unites Us The Data that Unites Us
Key Pillars

The Data that Unites Us

The JPMorgan Chase Institute is harnessing the scale and scope of one of the world’s leading financial firms to better understand the economy. Its mission is to help policymakers, businesses and nonprofit leaders use better facts, timely data and thoughtful analysis to make smarter decisions to advance prosperity. Drawing on JPMorgan Chase’s unique proprietary data, expertise and market access, the Institute frames and provides analysis of some of the most critical economic challenges of our time. Because it is essential to understand drivers of economic progress to advance opportunity, delivering data and analysis are central to our model for impact.

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Data from the Institute informs our firm’s corporate responsibility efforts. For example, research on the financial fragility and volatility facing small business owners and households helped shape the focus of our small business and consumer financial health initiatives.

Research from the Institute is also helping others implement data-driven solutions to address issues they face. An Institute study, for example, found that younger and lower-income consumers drive small business spending growth. Given the importance of the small business sector in the health of local economies, these findings provide decision-makers and business owners with vital information regarding their consumer base.

The Financial Toll of Healthcare for Small Business Owners and Consumers

Research by the Institute has provided a first-of-its-kind view into the burden and dynamics of healthcare spending for both small business owners and consumers. Some key findings:

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500 per month


The typical owner of a nonemployer small business — that is, a business with no employees beyond the owner — spent about $500 per month to purchase health insurance through the individual market for themselves or their families in 2017.

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One in six


One in six families makes an extraordinary medical payment in any given year — and it takes them more than a year to recover financially. For women, the toll is greater. A year after a major medical expense, revolving credit card debt was still 14% higher than baseline levels for women versus 3% higher for men.

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60% higher


Consumers immediately increased their total out-of-pocket healthcare spending by 60% in the week after receiving a tax refund — showing that American families are deferring healthcare treatments until they have the cash in hand, and underscoring the role of liquidity in spurring consumption of healthcare services.

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