*A Book Review*

How the Poor Can Save Capitalism

By John Hope Bryant

by Michael C. Gray

January 8, 2015

How can the poor save capitalism? It seems the poor is the last place to look to improve our society.

According to author John Hope Bryant, the poor offers a huge potential for economic contribution. By helping the poor to progress and join the middle class, we can build our consumer base. The U.S. has seen growth in the upper class and the lower class, and a contraction in our middle class. Since ours is a consumer economy, increased consumer spending is healthy for our economy. The upper class spends a smaller share of its income on consumption than the other classes and the lower class doesn't have much income to spend, so the best thing for our economy is to rebuild the middle class.

Through Operation Hope together with corporate partners, like Gallup, Inc. and Union Bank of California, John Hope Bryant is building a path out of poverty and helping struggling lower middle class families improve their finances. He calls his initiate Project 5117. By 2020, he hopes to reach the following benchmarks:

John Hope Bryant is the founder, chairman and CEO of nonprofit Operation HOPE and Bryant Group Companies. He currently serves as chairman of the President's Advisor Council on Financial Capability, Subcommittee on the Underserved and Community Empowerment. Previously he served as vice-chairman of the President's Council on Financial Literacy by President George W. Bush.

Mr. Bryant's plan seems to be a practical one that we all can benefit from and should study How The Poor Can Save Capitalism and support this effort through donations and volunteering to help as role models, mentors and teachers.

Buy it on Amazon: How the Poor Can Save Capitalism: Rebuilding the Path to the Middle Class.

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