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Portfolios of the Poor

How the World's Poor Live on $2 a Day
in: Sociology
Summary:

The book presents an in-depth analysis of the financial practices of impoverished households in Bangladesh, India, and South Africa, based on year-long interviews and financial diaries. It reveals how, despite their limited resources, these families manage their money through a variety of tools and strategies to handle emergencies, plan for the future, and optimize their meager incomes.

Key points:

1. Financial Diaries Research: The book discusses a study where researchers tracked poor households' finances in three countries, showing their complex money management on less than $2 a day.

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