Portfolios of the Poor

Short description: 2009 book by Stuart Rutherford, Jonathan Morduch, Orlanda Ruthven, and Daryl Collins

Portfolios of the Poor: How the World's Poor Live on $2 a Day  (2009-01-09)&rft.pub=Princeton+University+Press&rft.pages=296+pp.&rft_id=info:oclcnum/940547709">

First edition

Authors| Stuart Rutherford, Jonathan Morduch, Daryl Collins, Orlanda Ruthven
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| 978-1400829965
OCLC| 940547709

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, Orlanda Ruthven, and Daryl Collins.[2]

## Contents

* 1 Background
* 2 Reception
* 3 References
* 4 External links

## 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

1. ↑ Baer, Werner (2010). "Portfolios of the Poor: How the World's Poor Live on $2 a Day (review)". Enterprise & Society 11 (1): 182–185. doi:10.1093/es/khp083. ISSN 1467-2235. https://muse.jhu.edu/article/375591.
2. ↑ "Portfolios of the Poor: How the World's Poor Live on $2 a Day | NYU Wagner". http://wagner.nyu.edu/faculty/publications/portfolios-poor-how-worlds-poor-live-2-day.
3. ↑ "Review of Portfolios of the Poor: How the World's Poor Live on $2 a Day". http://www.cgdev.org/blog/review-portfolios-poor-how-worlds-poor-live-2-day.
4. ↑ "Why Mark Zuckerberg wants everyone to read about how the poor spend their money". http://www.businessinsider.com/mark-zuckerberg-recommends-portfolios-of-the-poor-2015-9.
5. ↑ "Portfolios of the Poor". The New Yorker. 22 June 2009. http://www.newyorker.com/magazine/2009/06/29/portfolios-of-the-poor. Retrieved 2016-07-05.
6. ↑ Morduch, Jonathan. "How the world's poor live on $2 a day". http://blogs.reuters.com/great-debate-uk/2009/06/04/living-on-2-a-day/.
7. ↑ "Nonfiction Book Review: Portfolios of the Poor: How the World's Poor Live on $2 a Day by Daryl Collins". http://www.publishersweekly.com/978-0-691-14148-0.

## External links

* Official website

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*[OCLC]: Online Computer Library Center number