7.8 /10 1 Votes
Language English Pages 296 pp. Originally published 14 December 2009 Country United States of America | 3.9/5 Goodreads Media type Print ISBN 978-1400829965 Genres Business, Economics | |||||||||||||||||||||||||||||||||
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Publication date January 9, 2009 (2009-01-09) Publisher Princeton University Press Similar The poor and their money, The Economics of Microfi, Orwell's revenge, Rational ritual, On Immunity: An Inocul | ||||||||||||||||||||||||||||||||||
Portfolios of the Poor: How the World's Poor Live on $2 a Day is a book that aims to systematically explain how the poor find solutions to their everyday financial problems. It is written by Stuart Rutherford, Jonathan Morduch, and Daryl Collins.
Contents
Background
The book is the culmination of 10 years of research into the financial lives of the lowest classes of Bangladesh, India, and South Africa—with a focus on those living on less than two dollars a day per person.
Reception
In 2015, Mark Zuckerburg announced that he highly recommended everyone read Portfolios of the Poor. He wrote: "It's mind-blowing that almost half the world — almost 3 billion people — live on $2.50 a day or less. More than one billion people live on $1 a day or less. This book explains how these families invest their money to best support themselves. I hope reading this provides some insight into ways we can all work to support them better as well."
The New Yorker reported "while the authors do offer prescriptions for how to expand those options, it’s their scrupulous attention to actual behavior that makes this book invaluable." Reuters wrote "Portfolios of the Poor includes concrete ideas for moving forward. Getting there, though, requires us to first step back and listen."
"The book's methodology and conclusions are fascinating," Publishers Weekly concluded.