We know that saving is supposed be our best bet for planning for the future, but could smart shopping for debt be more important? According to Jonathan Zinman, Director of IPA’s US Household Finance Initiative (USHFI), “Despite all the focus on asset management and asset-building, it seems to me that liabilities are where the money is for most American households.”
To address the global challenge of sickness from cholera, diarrhea and typhoid, Innovations for Poverty Action developed the chlorine dispenser system – a low-cost technology proven to dramatically increase rates of household water treatment, decreasing the burden of waterborne disease. Today, USAID’s Administrator, Rajiv Shah, announced an award from USAID’s Development Innovation Ventures (DIV) to support the scale-up of the Dispensers for Safe Water program.
by Aishwarya Lakshmi Ratan and Beniamino Savonitto
Does microcredit for the average poor borrower lead to welfare improvement through business investment, or does it fuel consumption and lead to cycles of high-cost debt? What is the best way to support the accumulation of savings for particular life goals like retirement, the education of one’s children, and financing lump sum investments in housing improvements and preventative healthcare? What types of information or training programs are most effective in enabling the poor to take sound financial decisions around their choice and usage of financial products?