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Can Holiday Spending Impact Global Poverty?
POSTED: 8:13 am PST December 12,
2005
UPDATED: 8:24 am PST December 12,
2005
I read some startling information the other day that hit me like an arctic cold front.Before I share what it was, I should tell you that I have been researching and speaking on the topic of money, values and habits for 17 years. In short, it takes something fairly extreme to stop me in my tracks. But after reading the 2005 UNICEF study --The State of the World’s Children -- I must admit that I was rendered speechless.The reason: the overwhelming reality of what it is going to take to reverse the inertia of global poverty, especially as it impacts children.
Consider the following:
According to World Vision, every 30 seconds a child in Africa dies from malaria. In fact, the single greatest issue preventing the sub-Saharan economy from expanding is malaria. Some estimates peg the annual cost to their economy at $100 billion.Contrast that with the cost of a mosquito bed-net -- approximately $8. It's certainly an item worth adding to your holiday gift list. For more information, visit www.worldvision.org. (click on Ways to Give, keyword: healthcare.)
What one thing can you do differently to reverse global poverty?It can be very daunting to think how one person can make a difference. But if 50 percent of American adults purchased just one $8 mosquito bed-net, it would mean 110 million sub-Saharan people could avoid the scourge of malaria.
The Bill and Melinda Gates Foundation made a grant of $35 million to Zambia. The goal: reduce deaths from malaria by 75 percent in the next three years.Source: TIME
If you have comments or questions for Dungan, click here.

Nathan Dungan is the author of the book, "How Not To Be Your Child's ATM: Prodigal Sons & Material Girls." Dungan is the president and founder of Share Save Spend LLC, an
organization that helps people of all ages develop and maintain healthy
financial habits. For more information, please visit sharesavespend.com.
- There are 2.2 billion children in the world today. 90 percent of them live in developing countries and nearly one-half (1 billion) live in extreme poverty.
- One in three children in developing countries do not have a toilet.
- One in five do not have safe drinking water.
- One in seven have no healthcare.
If you have comments or questions for Dungan, click here.
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Nathan Dungan is the author of the book, "How Not To Be Your Child's ATM: Prodigal Sons & Material Girls." Dungan is the president and founder of Share Save Spend LLC, an
organization that helps people of all ages develop and maintain healthy
financial habits. For more information, please visit sharesavespend.com.








