Did you know that nearly half of the world’s population survives on less than $6.85 a day? That mind-boggling statistic ...
We used to be trapped. And by “we,” I really do mean all of us. A few hundred years ago, the majority of the world lived in extreme poverty, and even in recent decades, people lucky enough to clear ...
Debt is not just a math problem for low income households, it is a form of financial gravity that pulls people deeper every time they try to climb out. I see the same ten forces repeating across ...
Previous research suggests that economy-wide poverty traps are rarely observed in the data. In this paper, we explore a related hypothesis: low-income countries rarely improve their position relative ...
You're trying to save money by cutting corners around the house, maybe bringing in a little extra income on the side. It feels like smart budgeting. Here's the thing, though: some of those seemingly ...
Matt Bruenig, a writer at the think tank Demos, has a very interesting theory about poverty. He points out that poverty declines as people age. Much of it is simply due to the life cycle of earnings - ...
Susan St John is affiliated with the Child Poverty Action Group. With a National-led coalition government taking shape (how long it takes is another matter), the nation’s “squeezed middle” awaits the ...
Nobel Laureate and economist Prof Abhijit Banerjee on Monday said that the solution to a complex problem like poverty comes from ground-level experiments and micro-level policy reforms. Nobel Laureate ...