Following up on her keynote address at the Evidence on Innovations in Financial Capability conference in June, Ms. Carolina Trivelli, a researcher at the Instituto de Estudios Peruanos and former Minister of Development and Social Inclusion in Peru, has a post up on the CGAP Blog:
On July 26, 2013, Innovations for Poverty Action (IPA)’s Financial Products Innovation Fund Working Group convened its second meeting in New York City. This meeting brought together researchers, financial institutions, policymakers, funders, and intermediaries to discuss the first round of IPA’s Financial Products Innovation Fund, plans for the next round of the Fund, and innovative financial product development opportunities.
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.”