Would you rather have more money or a more stable financial life? A striking 92% of Americans in a recent survey chose stability - a sign of the deep undercurrent of financial insecurity running through the world's richest country. A new book called "The Financial Diaries, How American Families Cope in a World of Uncertainty" explores this insecurity in remarkable detail. Its co-author, Rachel Schneider of the Center for Financial Services Innovation, discusses the research and its far-reaching implications in NextBillion's latest podcast.
Bill Kramer doesn't subscribe to a basic tenet of neoliberalism – that man is selfish and markets are an efficient way to channel that basic human trait. He and other entrepreneurs and academics working under the general umbrella of “regenerative future” studies believe optimal productivity can be restored only when natural systems are fully understood. The topic will be further explored at the upcoming Regenerative Future Summit.
‘Inequality Limits Growth … and You Get What You Incent’: Takeaways from Day 1 of the SEEP Network’s Annual Conference
SEEP’s 2016 conference, themed “Expanding Market Frontiers,” continues today in Washington, D.C. NextBillion editor Kyle Poplin is there, and he compiled some of the things he found most interesting during Tuesday’s sessions.
The Oxfam report An Economy for the 1%, shows that the wealth of the poorest half of the world’s population has fallen by a trillion dollars since 2010, a drop of 41 percent. This has occurred despite the global population increasing by around 400 million people during that period. Meanwhile, the wealth of the richest 62 has increased by more than half a trillion dollars to $1.76tr. The report also shows how women are disproportionately affected by inequality – of the current ‘62’, 53 are men and just nine are women.