In times past thrift was encouraged while debt was condemned. But more recently the notion of debt has replaced thrift as the way to ease poverty. A few recent examples demonstrate that poor people can and will save if given proper opportunities and incentives. Compared to a euro borrowed, a saved euro is more useful because it is cheaper and less risky. The benefits of savings/deposits for individuals, financial intermediaries, and the economy in general are summarized in the article. The author concludes that poor people would be better served if more emphasis was placed on deposits and less emphasis given to credit.

(2009). Easing poverty through thrift [journal article - articolo]. In SAVINGS AND DEVELOPMENT. Retrieved from http://hdl.handle.net/10446/27428

Easing poverty through thrift

2009-01-01

Abstract

In times past thrift was encouraged while debt was condemned. But more recently the notion of debt has replaced thrift as the way to ease poverty. A few recent examples demonstrate that poor people can and will save if given proper opportunities and incentives. Compared to a euro borrowed, a saved euro is more useful because it is cheaper and less risky. The benefits of savings/deposits for individuals, financial intermediaries, and the economy in general are summarized in the article. The author concludes that poor people would be better served if more emphasis was placed on deposits and less emphasis given to credit.
articolo
2009
Dans le passé l’épargne était encouragée alors que l’endettement était condamné. Tout récemment la notion d’endettement a remplacé celle d’épargne comme moyen pour alléger la pauvreté. Des exemples récents ont montré que les gens pauvres peuvent épargner s’ils reçoivent des opportunités et des incitations économiques appropriées. Par rapport à un euro emprunté, un euro épargné est plus utile parce qu’il comporte moins de coûts et moins de risques. Les bénéfices de l’épargne et du dépôt de l’argent pour les individus, les intermédiaires financiers, et pour l’économie en général sont présentés dans cet article. L’auteur conclue que les gens pauvres pourraient être mieux servis si l’accent était posé sur les dépôts et moins sur les crédits.
Adams, DALE W.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10446/27428
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