Note: This week’s edition of the faiV was written by FAI’s Program Administrator, JoAnne Williams. After dedicating over three years toward FAI’s mission, JoAnne will be moving on to pursue her MBA at Columbia Business School, where she plans to study Finance and Social Enterprise.
1. Financial Health: How should a financial services company assess its customers' financial health? Three financial services organizations, HelloWallet, Wells Fargo, and Solutions for Progress, have developed tools and metrics to measure the financial health of their customers. NextBillion
2. Housing Segregation: Housing instability as a repercussion of income volatility has been well documented, but what about the cycle and segregation of poverty in specific neighborhoods? Matthew Desmond's Evicted: Poverty and Profit in the American City and Mitchell Dunier's Ghetto: The Invention of a Place, the History of an Idea take a look at the history and complexity of living in concentrated poverty. The Atlantic Magazine - June 2016 Edition
3. Grit in Developing Countries: Is grit a useful predictor of success in developing economies? Roving Bandit
4. Financial Inclusion: Kenya has been spotlighted regionally and globally for tremendous gains in financial inclusion, but has access to formal and informal financial services reached the ultra-poor? Heyer and King discuss this question in the book Kenya's Financial Transformation in the 21st Century. The World Bank - All About Finance
5. Aging Workforce: A new Pew Research Center study highlights a growing trend of Americans working well into their retirement years. When compared to previous generations, older Americans are expected to stay in the labor force longer and work longer hours. Pew Research Center
Migration patterns leading up to Brexit.
Editor’s Note: I’m going to assume that you are seeing plenty of AI content (news and papers, not AI slop, though I’m sure you’re getting plenty of that too) from other sources, so I’m trying to think hard about the marginal value that the faiV can provide. As far as I’ve gotten so far: a) make sure that directly AI-related content does not take up more than 2 of the 5 items, and b) try to focus specifically on the cybersecurity issue for financial inclusion. Beyond that, I’m open to feedback on the value you get from the faiV in relation to AI to help guide us in the future. On a different note, I’ll be making a brief cameo appearance at the e-MFP Inclusive Finance Conference to moderate the opening plenary. If you haven’t registered, do so and I hope to see you there! - Tim Ogden