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New programs to increase economic mobility for Boston residents

December 9, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

MAYOR WALSH LAUNCHES PROGRAMS TO INCREASE ECONOMIC MOBILITY FOR BOSTON RESIDENT

One of the programs, Boston Builds Credit, will help 25,000 Boston residents attain a credit score of 660 or higher by the year 2025.

Mayor Martin J. Walsh today launched a first-in-the-nation Citywide credit building initiative, Boston Builds Credit (BBC) , which will help 25,000 Boston residents attain a credit score of 660 or higher by the year 2025 through financial education and one-on-one financial coaching. The program will be launched in Roxbury, and will expand to Dorchester and Mattapan in the following years.

"A good credit score is crucial in today’s economy, and Boston Builds Credit gives us real tools […]

How can China and Hong Kong combat inequality through education?

December 8, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

education climbing students

Inequality is a growing problem in China, not only in rural but also in urban parts of the country. People recognise it as a social problem that needs to be addressed. In a 2012 national survey, income inequality was ranked a greater problem than corruption and unemployment.

There are problems associated with the concentration of revenue, wealth, and power, including the creation of too-big-to-fail entities in the economy and the resulting systemic instability, which require market-based solutions along with state intervention.

The history of income inequality in China can be described in two distinct periods: before and after the 2010s. Reforms […]

Joyce Foundation to Sharpen Focus on Racial Equity, Economic Mobility

December 8, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

Joyce Foundation to Sharpen Focus on Racial Equity, Economic Mobility

The Chicago-based Joyce Foundation has announced that it will invest $150 million over the next three years in policies designed to prepare residents of the Great Lakes region to thrive educationally, career wise, and in their communities.

As it celebrates its seventieth year of grantmaking in 2018, the foundation will sharpen its focus on racial equity and economic mobility as essential conditions for broad-based economic growth in the region, with grants awarded through five core programs: Education and Economic Mobility ($43 million), including efforts to boost economic mobility in the region through equitable access to high-quality education and jobs; Environment […]

WB urges greater economic mobility, social aid in ‘new Thai model’

December 7, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


THE WORLD BANK has warned that Thailand’s economic development model is obsolete and has recommended an incorporation of three new pillars for the next step of development.

Thailand and other developing East Asian countries had been successful in reducing extreme property but the region is facing rising income inequality among the haves and have-nots, according to the World Bank report entitled “ Riding the Wave : An East Asian Miracle for the 21tst Century”, released yesterday.

The region has transformed from being comprised of mostly poor countries in the 1980s to a group of middle-income country, said the report.“It’s […]