problem. When it comes to global poverty, people are passionate and polarized. At one extreme: We just need to invest more … what really works to reduce poverty; in so doing, it reveals how to better invest those billions and begin transforming the … problem. When it comes to global poverty, people are passionate and polarized. At one extreme: We just need to invest more …

of financial stress. On the other hand, naifs dis-save, fall into a poverty trap, and incur high welfare losses. Second … survey of U.S. households, we document the prevalence of financial stress in U.S. households and a strong relationship … between financial stress and measures of financial constraints. We incorporate financial stress into an otherwise standard …