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 ...

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 - ...

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 ...

Over 37.9 million Americans currently live below the poverty line. With more than 11 percent of the American population struggling to afford basic necessities like food, housing, and healthcare, it is ...

After several years in gestation, the Planning Institute of Jamaica (PIOJ) recently launched Jamaica’s Multidimensional Poverty Index (MPI), which is intended to provide a complementary measure to ...

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 ...