Giving money to others makes you happier than spending it on yourself. Giving cash to people in need is an effective way to help them. Rory Stewart promotes 'giving directly' and was surprised how good it made him feel. Cash transfers have transformative effects on poverty and homelessness. Cash transfers improve education and health outcomes. GiveDirectly is transforming lives in Kubobo, Rwanda.
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Quick takeaways
Giving money to others makes you happier than spending it on yourself.
Direct cash transfers to individuals in need are highly effective in improving their lives and empowering them to address their specific needs.
Deep dives
The Power of Tailoring AI to Business Needs
AI has the potential to automate processes, but the trustworthiness of results depends on the quality of data used. Watson X is a platform designed to enhance AI effectiveness by customizing it according to specific business requirements. Through Watson X, businesses can train, fine-tune, and deploy AI models using their trusted data, creating tailored AI solutions that meet their unique needs.
Cash Transfers: A Radical Solution for Poverty and Homelessness
Cash transfer programs have proven to be highly effective in alleviating poverty and homelessness. Studies show that giving cash directly to those in need leads to better outcomes than traditional programs with conditions or restrictions. Cash recipients prioritize essential needs, such as food, shelter, education, and healthcare, leading to long-lasting positive impacts. The flexibility of cash transfers allows individuals to address their specific needs and make choices that suit their circumstances, empowering them to improve their lives.
GiveDirectly: Directly Transforming Lives in Kubobo, Rwanda
GiveDirectly is a nonprofit organization that directly gives money to individuals living in extreme poverty, trusting them to use the funds wisely. Through campaigns like the one in Kubobo, Rwanda, GiveDirectly aims to provide financial support to communities lacking basic necessities, such as clean drinking water, shelter, and access to education and healthcare. By donating to GiveDirectly's campaign, listeners can help transform the lives of families in Kubobo, enabling them to invest in their future, improve living conditions, and pursue economic opportunities.
The Impact of Cash Transfers and Challenging Stereotypes
Scientific evidence demonstrates that cash transfers are highly effective in reducing poverty and improving well-being. Contrary to stereotypes, studies consistently show that individuals living in poverty responsibly utilize cash transfers for essential needs, such as food, housing, education, and livelihood development. Cash transfers not only alleviate financial burdens but also empower recipients, challenge misconceptions, and promote dignity and freedom of choice. Embracing cash transfers as a solution can have profound positive impacts on individuals, families, and communities.
YOU can boost your happiness and transform the lives of people in one African village with a cash gift by going to givedirectly.org/happiness
Giving money to others makes you happier than spending the same cash on yourself. That's been proved by science. But new research also shows that giving people in need cold hard cash is an amazing way to help them improve their lives. We explore why trusting people to help themselves is a cheaper and more effective way to solve poverty - and hear about Kibobo in Rwanda, where any money you donate will have a huge impact.
Former British politician Rory Stewart used to manage billions of dollars in aid money - and like other international donors thought poor people needed to be told what to do with charitable gifts. He was shocked how effective no-strings-attached cash turned out to be, and now promotes "giving directly". He was also surprised how good giving away even small amounts of money made him feel.