Apr 8, 2019 by Anthony Barrows
In 2015, the Supplemental Nutrition Assistance Program (SNAP) prevented 8.4 million people from living in poverty. This essential and effective safety net program helps people with low incomes purchase food for themselves and their families—an estimated 40.8 million Americans were living in poverty in 2015; absent SNAP benefits, that number would have been 49.1 million. Despite its … Read more.
Feb 7, 2019 by Cassie Taylor
Early reading habits are predictive of a number of later life outcomes, including higher education attainment and income, yet more than two-thirds of fourth graders in U.S. public schools are not reading proficiently. We often think of education as taking place entirely at school, but fourth graders only spend about 13% of their waking hours in the … Read more.
Dec 13, 2018 by ideas42
We’ve spent more than a decade applying behavioral science to complex social problems, all in the service of improving the lives of millions of people. Part of our mission is to dramatically expand the use of behavioral science as a problem-solving tool, and that’s why we’ve recently broadened our efforts to bring this approach to … Read more.
Nov 28, 2018 by Maya Alper
The start of a new academic year should be an exciting time for the 19.9 million students who recently began or are continuing in college. But for many students, college also brings stressful financial decisions. These decisions weigh on many students, but the burden is often heaviest for those who are balancing school with full … Read more.
Aug 23, 2018 by Ariadna Vargas
Saving money, even in small amounts, has countless benefits. It helps low-income households build financial resilience—the ability to manage unforeseen expenses and avoid crises. However, saving is challenging for everyone—even when we intend to save more, human tendencies such as present bias, depletions in self-control, and limited attention tend to get in the way of … Read more.
Aug 2, 2018 by Tina Razafinimanana
For the last two years, Dorothee, who works in a rice field and makes handicrafts in Madagascar, has been the main provider for her family. Her husband used to be a fisherman until an injury prevented him from getting into the water. They have one son and four daughters, and her income isn’t enough to … Read more.
May 3, 2018 by Dan Poniachik
“It’s very hard for me to save, because I have so many day-to-day expenses for my small kiosk. Still, at the beginning of the month I manually transfer part of my commission to my savings account, that way I don’t use it for other purposes during the month. It would be great if this transfer … Read more.
Mar 29, 2018 by Katy Davis, Maddie Kau, & Abigail Kim
Digital tools such as automated savings and investment, expense tracking, and person-to-person payments save people time and help them manage complex finances. Useful features like these can even support overall financial health, particularly for low- and middle-income consumers, if traditional financial services don’t meet their needs. Widespread adoption of these services also benefits financial providers … Read more.
Mar 19, 2018 by Josh Martin & Laura Rawlings
This post originally appeared on NextBillion. Fighting poverty with direct cash payments is more common now than ever before. In 1997, only three developing countries had centrally managed cash transfer programs targeting poverty. Today, more than 120 do, and more than $200 million in cash is distributed daily. The adoption of cash transfers was a significant step … Read more.
Oct 30, 2017 by Vivien Caetano, Katy Davis, & Erin Sherman
It’s one thing to read about behavioral science or attend a one-time training on how it’s been used to improve programs. It’s another to take those insights and apply them to the real world yourself. That was the driver behind our Behavioral Design Project for Promoting Financial Health, in which 11 organizations actively learned behavioral … Read more.