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The Financial Lives of Struggling Americans: The Financial Diaries and The Unbanking of America
Elisabeth Rhyne of the Center for Financial Inclusion at Accion reviews two new books that take a look Americans' increasingly precarious financial lives. Both books examine America's top economic challenge – the crumbling of the economic foundation for many working-class and middle-class families – and they do so through the lens of financial services, an unusual but revealing perspective, Rhyne writes.
- Categories
- Finance
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Reserve Bank of India to Launch Financial Literacy Drive in Nine States
Six NGOs registered with the Depositor Education and Awareness Fund -- CRISIL Foundation, Dhan Foundation, Swadhaar Fin Access, Indian School of Micro Finance for Women (ISMW), Samarpit and the PACE Foundation -- have been selected to execute the pilot project in collaboration with banks.
- Categories
- Finance
- Region
- South Asia
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Common Cents Lab Opens Applications for 2018 Financial Services Cohort
Each year, the lab collaborates with chosen financial services providers to custom design, test, and launch new features and products that aim to increase financial well-being for 1.8 million low- to moderate-income (LMI) households in America.
- Categories
- Finance, Impact Assessment
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Why Gyms Love January: Leveraging Behavioral Economics for Financial Health
People are famously irrational when it comes to financial matters. We can't seem to resist wasting money on things that we know aren't beneficial. Why do we make self-defeating financial decisions, and how can we be persuaded to change them? Evelyn Stark, financial inclusion lead at MetLife Foundation, discusses the ways financial service providers are leveraging behavioral science to help their clients spend less and save more, in the latest NextBillion podcast.
- Categories
- Finance, NextBillion Originals
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Common Cents Lab Unveils Millennial Financial Regret Spending Report
Conducted in partnership with Qapital, a fintech app focused on helping people save and spend better, the new study surveyed 1,000 Americans between the ages of 20 and 36-years old to identify which purchases they regarded as either most regretful or most satisfying. Through this effort, the team of behavioral economists isolated four positive personal financial habits that others may emulate to improve financial wellness and fulfillment.
- Categories
- Uncategorized
- Region
- North America
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Peer pressure, applied well, boosts financial health
When you’re working to reach a financial goal, friends can be equally helpful. Peers can influence how much you save for retirement, determine when you choose to retire and even shame people into paying their taxes, studies show.
- Categories
- Technology
- Region
- North America
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Runaway Trains of Thought: How Boosting Cognitive Bandwidth Can Fight Poverty
Cognitive bandwidth allows humans to reason, focus and resist impulses – and unfortunately, we have only a limited amount of it. Everyone struggles to make decisions when they run low on cognitive bandwidth, but the added stress of poverty consumes more of it. Creating simple ways to free this bandwidth, whether through money or time, can elevate helpful anti-poverty programs into transformative ones, according to ideas42.
- Categories
- Health Care
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Boosting Gender Equality Through Entrepreneurship: A Q&A with Pro Mujer CEO Maria Cavalcanti
Maria Cavalcanti is president and CEO of Pro Mujer, one of the largest women’s development organizations in Latin America. In this Q&A, she discusses the changing nature of women entrepreneurship, the organization's embrace of technology and for-profit structures, and her ambitious plans to make Pro Mujer "a one-stop shop for empowerment for women in the region."
- Categories
- Health Care
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