From Ghanaians who pay others to take their cash away to Peruvians who invite friends round for chicken, a World Bank survey reveals unusual ways to save. This is an except from a post that appeared originally on The Guardian's 'Global Development Professionals Network' blog.
It was a pretty dry question: “Imagine that you have an emergency and you need to pay £1,300. How possible is it that you could come up with £1,300 within the next month? Is it very possible, somewhat possible, not very possible, or not at all possible? Would you use a credit card, dip into your savings, or ask your employer, friends or family for help?”
For a year and a half, we’d been using our questionnaire to measure how people manage their money around the world: Bangladesh, the Dominican Republic, Ghana, India, Indonesia, Kenya, Paraguay, Peru, Philippines, Sri Lanka, and Tanzania. The answers were useful, and we were building up a fascinating global picture . . .
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