In 2019, about half of American households had no savings in retirement accounts, according to the Survey of Consumer Finances (SCF). These accounts include individual retirement accounts; Keogh accounts; certain employer-sponsored accounts, such as 401(k), 403(b), thrift savings accounts; and pensions.
Personal saving has grown more important as
Businesses can play a crucial role in addressing poverty issues in the USA and throughout the world by implementing strategies that promote economic and social equity. Business needs to be part of the equation of alleviating poverty. Ask any one who is struggling financially what would improve their situation and the answer will usually
Poverty is most often assessed using objective measures such as absolute and relative income levels. However, different individuals may experience different levels of financial stress at the same income level. Studies have found that the perception of income is only moderately correlated with actual income level and that it is the perception itself that relates
Corey Rosen, Founder, National Center for Employee Ownership
Johnny’s Pizza House is a chain of 38 company-owned pizza and eleven franchise restaurants in Louisiana, Arkansas, and Mississippi. Johnny’s employees don’t just serve up slices—they get a slice of the company too. Johhny’s is 100% owned by its almost 1,000 employees though an Employee Stock Ownership Plan
It is a well-known fact that India’s economy faced a drastic blow during the COVID-19 initiated lockdowns. While this led to unemployment across various sectors, informal vocations, due to a lack of documentation and formal agreements, faced the brunt of this unemployment. This was further exacerbated for the female workforce, since they were shouldering responsibilities
As has been explored in earlier articles on this blog, there are numerous obstacles – political, social, and structural – that prevent the integration of women into the Indian economy on equitable terms and footing with their male counterparts. These issues are deeply rooted in the Indian economy and society more broadly, and addressing them
This piece was written by Carole Leslie, one of the delegates to the symposium. Where she refers to EO, she is talking about employee ownership. This symposium was generously supported by three organizations and an individual. The Employee Ownership Foundation was our major sponsor and The Menke Group, Prairie Capital Advisors, and Steven Fischer gave
The Center on Business and Poverty has a separate non-profit called the Personal Finance Employee Education Fund (PFEEF), which focuses on assisting people as they take ownership of their financial well-being. Click above for more on PFEEF.
As part of accomplishing this mission, PFEEF recently won a $970,000 grant to help deliver proven
The 6th Annual Oxford Business and Poverty Conference, this one on housing, was held last week (July 27 – 28, 2022) in the Examination School at the University of Oxford, England. It brought together a diverse range of speakers addressing creative ways to meet the housing needs of low and moderate-income people, especially through mutuals
India is a country where gender inequality has been a crucial issue for generations. Starting at a very young age, girls face a variety of barriers that contribute to unequal economic and educational opportunities. The empowerment of women, both through education of girls and employment of women, has a direct impact on the Indian economy.
