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Category Archives: Financial System

World Bank Opens 2017 Global Financial Inclusion Microdata

Via Gallup: “With the release of the World Bank’s 2017 Global Findex microdata last week, policymakers and researchers — for free — can now dig deeper into how billions of the world’s adults use bank accounts, mobile money, digital payments, savings and credit. In April, the World Bank published its country-level data and released its report on financial inclusion indicators that are based on data from nationally representative surveys that Gallup, with the support of the World Bank team, collected in more than 140 economies in 2017. The release of the microdata opens up the individual survey responses from roughly 150,000 adults in these economies. Among the findings that policymakers and researchers can use the microdata to investigate — and discover their own new insights into the world’s financial inclusion challenges and opportunities:

  • 1.2 billion adults worldwide have opened an account since Gallup and the World Bank started tracking these data in 2011, including 515 million in the past three years.
  • Globally, 69% of adults — or 3.8 billion people — now have an account at a bank or with a mobile money provider.
  • 1.7 billion adults do not have a bank account. But more than 1 billion of these unbanked adults have a mobile phone, which potentially offers convenient access to financial services.
  • The gap between men and women in account ownership is just as wide in 2017 as it was when it was first measured.
  • Having access to the internet as well as a mobile phone puts a wider range of financial services within reach.”

Read the 2017 Global Findex report.
Download the Global Findex microdata.

How the Economic Lives of the Middle Class Have Changed Since 2016, by the Numbers

The New York Times: “The United States economy is the strongest it has been in ages. Growth has been robust, and the unemployment rate is at generational lows, as new data Friday affirmed. Yet the Republican Party, which controls the White House and Congress, trails Democrats substantially in polling on which party is preferred. It… Continue Reading

Retirement Savings Toolkit

U.S. Dept. of Labor – Employee Benefits Security Administration “Taking the Mystery out of Retirement Planning” is a good workbook. This publication with interactive worksheets is designed to help individuals ten years or less away from retirement see if their retirement savings are on track. Here are some helpful tools employees can use to calculate… Continue Reading

5 takeaways from the New Plastics Economy Global Commitment

GreenBiz: “Today, more than 275 brands, retailers, recyclers, governments and NGOs are announcing a shared vision to close the loop on plastic pollution. In a first-of-its-kind collaboration, the signatories to the New Plastics Economy Global Commitment — collectively responsible for producing 20 percent of all plastic packaging globally and represent the full value chain for… Continue Reading

Anti-Racketeering Civil Suits Jump in 2018

“The latest available data from the federal courts show that civil filings under the Racketeer Influenced and Corrupt Organizations Act (RICO) jumped significantly during FY 2018. As of the end of fiscal year 2018, the government reported a total of 1,405 civil lawsuits filed in federal courts under RICO. In fiscal year 2017, just 693… Continue Reading

US midterm elections: A guide to everything you need to know

CNN – “Millions of voters will soon go to the polls across the US, but they won’t be picking a president. The impact of the midterm elections, however, could be almost as significant. President Donald Trump isn’t on the ballot, but the results will be a referendum on the polarizing US leader, his policies and… Continue Reading

Women in the Workplace 2018

“Women in the Workplace 2018 is the largest comprehensive study of the state of women in corporate America. Since 2015, LeanIn.Org and McKinsey & Company have published this report annually to give companies and employees the information they need to advance women and improve gender diversity within their organizations. McKinsey & Company also conducted similar… Continue Reading

Protecting Older Consumers: 2017-2018: A Report to Congress of the Federal Trade Commission

“A new report released today by the Federal Trade Commission details the agency’s comprehensive efforts to protect older consumers from fraud, identity theft, and other problems in the marketplace. The report, Protecting Older Consumers 2017-2018: A Report of the Federal Trade Commission, outlines the FTC’s research, law enforcement, and education efforts aimed at protecting older… Continue Reading

Are There Any Systemically Important Nonbanks? – Are There Any Systemically Important Nonbanks?, October 17, 2018. IN10982. “During the 2008 financial crisis, problems at AIG, Bear Stearns, and Lehman Brothers led to broader financial instability or government “bailouts” in order to prevent instability. At the time, these firms were nonbank financial institutions and not generally subject to effective safety and… Continue Reading

Fortune annual list of companies best positioned for growth in the future

“Fortune just released its annual list of companies best positioned for growth in the future. The stock prices of 2017’s Future 50 companies gained 35% over the past year, nearly triple the return of the S&P 500 over the same period. At the top of the 2018 list? HR and business cloud software provider Workday, which… Continue Reading

Global Trends in Democracy: Background, U.S. Policy, and Issues for Congress

CRS Report via LC repository: Global Trends in Democracy: Background, U.S. Policy, and Issues for Congress. Michael A. Weber, Analyst in Foreign Affairs. Updated October 17, 2018. “Widespread concerns exist among analysts and policymakers over the current trajectory of democracy around the world. Congress has often played an important role in supporting and institutionalizing U.S. democracy… Continue Reading

These are the world’s most competitive economies

World Economic Forum: “How well countries adapt to the Fourth Industrial Revolution (4IR) will determine whether they ‘thrive’ or ‘stagnate’ and could further divide workforces and increase social tensions, according to the latest version of the World Economic Forum’s Global Competitiveness Report. Almost 40 years after its first annual assessment of the global economy, the… Continue Reading