December 11, 2014 - Read the full Forbes article and watch the interview here: http://onforb.es/1sdLczd. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. “Wealth has never been so concentrated as it is today, while families find it increasingly difficult to climb the ladder of prosperity,” says Anne Mosle, the lead author on a new impact investing report from Ascend, a family-focused effort at the Aspen Institute, “The Bottom Line: Impacting Investing for Economic Mobility in the US.” She adds, “32 million children live in low-income families and one in four lives in poverty. This disparity points to the urgent need to enlist all sectors in breaking the cycle of poverty.” Mosle describes the cause of this cycle, saying, “The reality is that our systems have not kept pace with the dramatic shifts in family structure and demographics.” Striking a more hopeful note, Mosle notes, ”When we think about what it takes to meet the needs of today’s families, we believe there is an opportunity to harness the creative energy, experience, and results-oriented approach of the private sector, and tap into a substantial amount of investment capital, as a way to tackle society’s most nettlesome problems.” “The Aspen Institute survey found several promising trends in the kinds of projects impact investments are financing. For example, the survey found a significant amount of investment capital — nearly $3 billion worth — is advancing economic mobility for families,” she concluded, noting a specific finding of her report. Please consider whether a friend or colleague might benefit from this piece and, if so, share it.
#179: Report Holds Promise For Investors And Poor Families