Porfolios of the Poor

Portfolios of the Poor: How the World's Poor Live on $2 a Day

Paperback edition
Authors	Stuart Rutherford, Jonathan Morduch, Daryl Collins
Country	United States
Language	English
Genre	Business, Economics
Publisher	Princeton University Press
Publication date	January 9, 2009 (2009-01-09)
Media type	Print
Pages	296 pp.
ISBN	ISBN:978-1400829965

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.^[1] It is written by Stuart Rutherford, Jonathan Morduch, and Daryl Collins.^[2]

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.^[3]

Reception

In 2015, Mark Zuckerberg 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."^[4]

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."^[5] Reuters wrote "Portfolios of the Poor includes concrete ideas for moving forward. Getting there, though, requires us to first step back and listen."^[6]

"The book's methodology and conclusions are fascinating," Publishers Weekly concluded.^[7]

References

External links

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