Approximately 15 million people access high-cost small-dollar credit products every year, including payday loans, auto title loans and deposit advance loans. This report explores the reasons behind this behavior. Report: "Know Your Borrower: The Four Need Cases of Small-Dollar Credit Consumers"
More than three-quarters of participants (77 percent) in the U.S. Financial Diaries (USFD) research project indicated that “financial stability” is more important than “moving up the income ladder.” USFD’s first issue brief looks at the implications of this response. Report: "Spikes and Dips: How Income Uncertainty Affects Households" (PDF)
Microenterprise development initiatives can help to create and grow businesses and, in many cases, much needed jobs. Experts from the Aspen Institute discuss their proposal for encouraging microenterprise investment as a job creation strategy. View the transcript or play the audio MP3 files at www.frbatlanta.org/podcasts/economicdevelopment/
The results of the latest PISA survey from the Organisation for Economic Co-operation and Development (OECD) are now available at www.oecd.org/pisa/keyfindings/pisa-2012-results.htm. More than 510,000 students in 65 participating economies took part in this latest survey, which focused on mathematics, representing about 28 million 15-year-olds globally. Discover which education systems have improved over time, how equitable they are and how boys compare to girls, both in performance and attitude toward learning math.
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FedCommunities.org is a portal to community development resources from all 12 Federal Reserve Banks and the Federal Reserve Board of Governors.