Viewed through EconDataGeek lenses, Microfinance debt investments have proved to be surprisingly steady performers.
Who on earth spends 75% of their money on food? It’s not gluttons; quite the opposite. Turns out that that who on earth are many of the earth’s poor. The tragic incongruity: it’s those who spend relatively the most on food who go the hungriest.
Do the poor benefit or lose from profit-seeking, commercial microfinance? It’s one of the most hotly contested issues in the field of microfinance. Can profit chasers really keep the best interest of the poor front and center? Is antipovery profit chasing microfinance an oxymoron? From the evidence on the whole, I think not
Darn those socialists. Norway is richer per person than the U.S., but has a significantly narrower income spread. The poorest quintile of Norwegians live nearly as well as the average Briton in the United Kingdom, one of the world’s wealthier nations. And Norway’s poorest fifth have incomes more than double the poorest fifth in America.
It’s a New Year and I’m hopeful; that hope I get from one of the most amazing poverty statistics out there. You wouldn’t know it from the constant barrage of bad news and images from around the world, but world poverty is taking a serious long term beat-down.