Poverty

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ahmarsatti

Technology Economy & Finance

Development Economics Poverty and Environment Presented By: Ahmar Waqar Registration No. FA09-BS(BA)-027

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Wednesday, October 13, 2010 Jeffrey Sachs Director, Columbia University Earth Institute “Ending Poverty in Our Generation: Still Time if We Try” Ending extreme poverty is not a dream but a practical possibility. Improvements in science, technology, and global networks make possible advances in wellbeing at unprecedented rates. Yet a high degree of social organization is needed for success. Sachs will sketch the main contours of an effective global effort against poverty, hunger, and disease to the year 2025. Sponsored by the Rockefeller Center for Public Policy at Dartmouth College http://rockefeller.dartmouth.edu

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What percent of families are asset poor—lack sufficient resources to live at the poverty line for three months —and why does asset poverty matter? A third of U.S. families are liquid asset poor and these families are disproportionately minority, young, and low-income. A lack of assets threatens families’ ability to weather adverse events. After experiencing an involuntary job loss, asset-poor families are nearly three times more likely to experience hardship than non-asset-poor families. These large differences exist across the income spectrum—for low-, middle-, and high-income families.

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1. Development Economics Poverty and Environment Presented By: Ahmar Waqar Registration No. FA09-BS(BA)-027

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