Decades after independence, the Philippines lacks the kind of factory economy that has lifted up other Asian nations, tying millions to farm work.
Category: Poverty
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Federal Housing Assistance Shrinks as Cost of Rent Rises
Rents have surged and homelessness is at record heights, but fewer of the poorest tenants are getting housing assistance — in stark contrast to growth in other safety net programs.
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The Debt Problem Is Enormous, and the System for Fixing It Is Broken
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
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World Bank Warns Record Debt Burdens Haunt Developing Economies
Surging interest rates and waning financing options threaten a “lost decade” for poor countries.
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Record Rent Burdens Batter Low-Income Life
More tenants than ever spend half or more of their income for shelter, leaving less for everything else, taking an emotional toll and leaving some without a place to call their own.
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Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
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World Bank President Ajay Banga Addresses Climate Change
Ajay Banga, who took over the top job in June, has prioritized global warming issues in his first months on the job.
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More States Now Require Financial Literacy Classes in High Schools
The surge in offerings is a response to the pandemic, which revealed glaring income inequality, as well as inflation and the resumption of student loan payments, an expert said.
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Los Angeles Will Offer More Energy Incentives to Low-Income Residents
A new study by the city’s utility and other researchers found that lower-income residents cannot afford electric vehicles and clean energy.
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At Least 2 Million Children Have Lost Medicaid Insurance This Year
Many of the children were eligible for federal aid, experts said, but errors have been common as states “unwind” assistance from earlier in the coronavirus pandemic.
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A Knock at the Door
A child looks on as sheriff’s deputies take inventory of her home.
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‘Maid’ Pulled Stephanie Land Out of Poverty. She Still Worries About Money
Despite writing a best seller that became a hit Netflix series, Ms. Land says she still worries about her job security.