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Financial Inclusion Thought Leader Uncategorized

Ending Income Inequality and Growing the Middle Class

By Operation HOPE, Inc.

Despite decades of public and private sector intervention, poverty and inequality remain entrenched in the U.S. and other developed countries. Reduction in poverty rates have been hampered by rising income inequality, which can constrain economic growth and increase financial instability.

At the Hope Global Forums 2017 Annual Meeting held in Atlanta April 10-12, Peter Georgescu, chairman emeritus, Young & Rubicam, Inc., and author of Capitalists Arise! End Income Inequality, Grow the Middle Class, Heal the Nation, explored how inequality threatens economic stability, lifting the standard of living and expanding the middle class, and creating real opportunities for people at all socioeconomic levels.

“We’re creating a generation of undereducated people without a stake in our society. This is bad for democracy.”

Watch the Straight Talk Session here: http://ow.ly/AxRJ30bmPXT


About Financial Inclusion

Operation HOPE, Inc., powers the broadest financial inclusion network in the country. Through strategic partnerships with organizations like SunTrust Banks, Wells Fargo, and Coca-Cola, the nonprofit is making free enterprise accessible to all by equipping youth and adults with the financial training and tools to realize their aspirations and ensure their financial wellbeing. Through its core programs, Operation HOPE has provided financial dignity and economic empowerment to over 2.6 million individuals worldwide, and $2 billion in economic activity for the disenfranchised—turning check cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners, and minimum wage workers into living wage consumers. Project 5117 is the organization’s multi-year four-pronged approach to combating economic inequality that aims to improve financial literacy, increase business role models and business internships for youth, and stabilize the American dream by boosting credit scores.  The Atlanta Uplift 2020 initiative will escalate the organization’s services throughout the city to strengthen low- and middle-income families. For more information: www.OperationHOPE.org

Volunteer with HOPE Corps: http://www.operationhope.org/hopecorps

Learn more about membership levels: https://www.operationhope.org/becomeapartner

Operation HOPE marked its 25th anniversary on May 5, 2017. We’re raising $25 million for another 25 years of HOPE. Donate: http://bit.ly/2qUOWqz

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