But they gave them 2 years worth of funds, so you would double the number.
But they gave them 2 years worth of funds, so you would double the number.
This is roughly the equivalent of giving an American ~$42k. I think that amount of money would have a huge impact on people’s well being.
Note: I looked up Kenya’s per capital GDP which is ~$2k USD. Based on on the article stating they received $50 per month, than means the lump sum was 60% of the GDP. 60% of the US’s GDP per capita is ~$42k
It’s interesting, because this is a widely known concept in the finance world. Lump sum investing in the stock market is more profitable than dollar cost averaging that same amount over time ~66% of the time. It seems that holds true in non-stock market investments into people as well. They’re better off getting a lump sum investment into their accounts than having that money DCA’d to them.
It is heavily dependent on the individual. My first dog we had growing up, we just had to keep her bowl full and she ate when she was hungry. After she died and we got our next dog, we started out doing the same thing, and he ballooned up into a total fatty.
I visited Dún Aonghasa, a hillfort in Ireland build high on a cliff above the ocean, a few years ago. It was absolutely formidable. I can’t imagine how impressive it would have been back in the time it was in use.
NGL, the mom is pretty dang cute herself.
Wow. That is stunning!