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Steve Varnum

Hope is a powerful poverty fighter

By Steve Varnum

Small, incremental steps out of poverty require a measure of hope.

In this week's The Economist, a data-driven economist makes the case for the power of hope in alleviating poverty.

When escaping poverty seems to require a massive leap, says MIT economist Esther Duflo, "they often forego even the small incremental investments of which they are capable: a bit more fertilizer, some more schooling, or a small amount of saving."

What could/should we at the Community Loan Fund, in New Hampshire, in the United States, be doing to help people lift the gauze of hopelessness?

Steve Varnum is the communications guy at the Community Loan Fund.