Economics Professor Discusses Impediments to Saving in New York Times
Can poor people be taught to save? Professor of Economics John Caskey discusses the subject in the issue of the New York Times Magazine published on April 1.
Caskey based his conclusions on interviews conducted in two low-income communities:
"I had expected people would talk about the cost of not having a bank account or having a bad credit history," he says. "I thought they'd talk about financial inconvenience, but they instead talked about the stress." Read more. (subscription required)
Wendy Chilobi '94 wrote about Prof. Caskey and his work in the June 1999 issue of the Bulletin. Read that article here.