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> Posted by Jeffrey Riecke, Communications Assistant, CFI
Last week, the world celebrated World AIDS Day. Since its inception in 1988, it has bolstered action towards ending the AIDS epidemic, generated support for those affected by the disease, and commemorated the lives of those that have been lost to it. Although the last few decades have brought progress that at one time looked impossible, there remains much to be done in the fight against the disease. Roughly 34 million people around the world are living with HIV, and 2.5 million people were newly infected with the virus last year. More can be done to protect people from infection. More can be done to improve our understanding of the disease and how to treat it. And more can be done to support the lives of those that are already affected.
When it comes to financial services and money management, those living with HIV/AIDS are different from others in terms of their personal and economic vulnerability. Living with HIV/AIDS can constrain the work one can conduct, disrupt one’s income stream, and increase one’s dependency on others. Financial services have a role to play here. Initiatives supporting how individuals earn and save money could help prevent their sliding into deeper economic vulnerability, improve their health and welfare, and reduce their risk of spreading the disease.
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