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BK Magazine Author News & Reviews
Posted by Berrett-Koehler Staff.
Connecting people and ideas to create a world that works for all!
"Poverty is a state of mind," said John Hope Bryant, the entrepreneur and founder of Operation HOPE.
In his book, How the Poor Can Save Capitalism, Bryant argued that improving lower-income Americans' financial literacy — and bringing them as customers into the financial services industry — will lead to a stronger U.S. economy overall.
"If you're making $50,000 a year or less in this country, you've got too much month at the end of your money," Bryant said. According to the U.S. Census, 49.5% of Americans earned $50,000 or less in 2012. Roughly half of those brought home less than $25,000.