August 21, 2015
1. "War on Poverty": The bail process for petty crimes is leading to increasingly high incarceration rates for the poor. Many are not able to access funds to cover even a comparatively low bail of a few hundred dollars. In fact, 69% of the households below the poverty line in the US Financial Diaries project would not have emergency savings balances high enough to post a $500 bail....
August 20, 2015
August 14, 2015
August 7, 2015
1. Financial Management: Communities in which social contracts are strong commonly use "social money" (non-cash modes of saving, storing, and transferring wealth) in daily transactions instead of cash. IMTFI
2. Consumer Protection: Isabelle Barrès, Director of the Smart Campaign, discusses the progress in developing and implementing...
July 31, 2015
1. Mobile Money: Vodafone and MTN announced plans to allow money transfers between East and Central African customers of either provider, marking a big step toward interoperability on the continent. The Wall Street Journal
2. Financial Management: FAI affiliate Ignacio Mas analyzes common behaviors and decision-making practices that underpin the financial management strategies of poor...
July 24, 2015
1. Transfers and Subsidies: India's plan to provide subsidies electronically through bank accounts, biometric ID cards, mobile transfers (also know as JAM) can reduce leakage and increase efficiency but what are its limitations? Does it really have the potential to be "the holy grail of efficient and equitable welfare policy?" The New York Times
July 17, 2015
1. Savings: A new report from the US Financial Diaries project provides evidence that lower income households are saving up for frequent, short-term emergencies that prevent the growth of long-term savings. Could 401k style auto-enrollment programs help to manage both long- and short-term savings goals? AARP...
July 10, 2015
1. Transfers: Cash transfers are a more common form of benefits for the world's poor than you might think. In fact, Sub-Saharan Africa is the only region where food and other in-kind transfers are more prevalent than cash transfer programs. The World Bank
2. Global Poverty: Between 2001 and 2011, the global middle-income population (those living on $10-$20...
June 26, 2015
1. Mobile Money: What risks do customers perceive when using digital financial services and what are the consequences of those risks? A new brief explores these questions through the lens of lower-income customers in 16 markets around the world. CGAP
2. Financial Literacy: Most financial literacy programs are geared toward steady paycheck earners with long-term savings goals. But how can programs assist...