Tag: microfinancing

Living On $2 A Day: An Interview With Economist Jonathan Morduch

Photobucket The topic below was originally posted on my blog, the Intrepid Liberal Journal.


According to the World Bank, almost forty percent of humanity lives on a daily income of less than two dollars per day. Another 1.1 billion scrape by on less than one dollar per day.


How can anyone possibly survive or raise a family with such a meager income? In New York City, two dollars per day won’t even cover my daily Brooklyn/Manhattan round-trip subway commute. Yet billions of low skilled people put food on the table, educate their children, grapple with unexpected emergencies and even save money.