August 20, 2019  |  In the News

BadCredit.org features FII’s Approach

Family Independence Initiative Advances Effective Solutions for Ending Poverty Including Direct Investment and Social Support Networks

By: Adam West

Excerpt:

After nearly 40 years since President Lyndon Johnson had introduced legislation in response to a national poverty rate of around 19%, the War on Poverty had failed to achieve measurable results. So Miller, who would write “The Alternative: Most of What You Believe About Poverty Is Wrong” in 2017, set about finding a better route to upward socioeconomic mobility.

According to FII’s research, nearly 50 million people live in poverty in the United States. Within four years, 75% of those people will move above the poverty line. But within the next five years, 50% of those people will lapse back into poverty due to financial hardships, including layoffs, medical expenses, and other unanticipated events.

Read the full article here.

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