The Realtiy of Poverty: How To Move Forward

By KBJR News 1

The Realtiy of Poverty: How To Move Forward

February 21, 2013 Updated Feb 21, 2013 at 11:35 PM CDT

Duluth, MN (NNCNOW.com) - According to a specialist on global poverty, about 40 percent of the world's population lives on an income of two dollars a day or less.

A professor from the New York University spoke at The College of St. Scholastica Thursday about what it means to be poor.

Some of those making so little are learning to share with one another.

If a friend or acquaintance needs money, one will loan the other what they need to get by and will get paid back later.

Jonathan Morduch, a public policy professor at NYU and and an author of "Portfolios of the Poor", was invited to speak at The College of St. Scholastica.

Morduch says one to two billion people are living on two dollars a day, which totals nearly 40 percent of the human race.

These experiences are paving the way on fighting poverty and developing the groundwork for the next generation of banks for the "bottom billion."

The organizer of the event says what it means to be poor is not only making little to nothing each day, its trying to eat three meals each day or access to typical vaccinations and healthcare.

"Wow. These people are just like us. They have the same issues that we do. They get through the month on their paycheck, they have to deal with unexpected expenses in their lives, we all do. We have children we have to educate and we have weddings to pay for. The poor have the same responsibilities the rest of us do," Tom Morgan, College of St. Scholastica Professor and event organizer, said.

During Morduch's presentation, he mentioned his experience interviewing impoverished villagers in Bangladesh, India and South Africa.

Morduch says one of the best solutions to bringing an end to poverty around the world is through micro–financing to promote employment and economic development.

The next event will be at the College of St. Scholastica on April fourth at 7:30p. The discussion will be on poverty and the world's water supply with Maude Barlow.

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