Portfolios of the Poor: How the World’s Poor Live on $2 a Day by Daryl Collins, Jonathan Morduch, Stuart Rutherford & Orlanda Ruthven is a recent choice by Mark Zuckerberg for his Year of Books project. An unusual investigation of the staggering problem of global poverty, the authors conducted year-long interviews with impoverished villagers and slum dwellers in Bangladesh, India, and South Africa. This morning the authors are taking part in a live Q&A on the Year of Books Facebook page to share the surprising and systematic methods these families used to survive on an income that is, for many, unimaginably small.
Mark Zuckerberg announced the book’s selection on his personal Facebook page with the following thoughts:
It’s mind-blowing that almost half the world — almost 3 billion people — live on $2.50 a day or less. More than one billion people live on $1 a day or less.
This book explains how these families invest their money to best support themselves.
I hope reading this provides some insight into ways we can all work to support them better as well.
You can follow the discussion here.