Time Banks

According Marjorie Kelly and Shanna Ratner writing in the report titled “Keeping Wealth Local:  Shared Ownership and Wealth Control for Rural Communities” for the Ford Foundation:

In rural areas where time can be more abundant than money, time banks give participants credits for time spent helping others, allowing them to tap these credits when they need assistance.  States such as Missouri and Michigan have enacted legislation in support of time banks.

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This entry was posted in Engineers Without Borders, Navajoland, Social Justice. Bookmark the permalink.

2 Responses to Time Banks

  1. Roger Hansen says:

    According to Wikipedia (access Friday the 13th, 2010):

    “According to its creator, Edgar Cahn, Time Banking had its roots in a time when “money for social programs [had] dried up” and no dominant approach to social service in the U.S. was coming up with creative ways to solve the problem. He would [also] write that “Americans face at least three interlocking sets of problems: (1) growing inequity in access by those at the bottom to the most basic goods and services; (2) increasing social problems stemming from the need to rebuild famly, neighborhood and community; and (3) a growing disillusion with public programs designed to address these problems” and that “the crisis in support for efforts to address social problems stems directly from the failure of . . . piecemeal efforts to rebuild genuine community.”

  2. Roger Hansen says:

    Also from Wikipedia:

    “Time Bank members earn credit in Time Dollars for each hour they spend helping other members of the community. Services offered by members in Time Banks include: child care, legal assistance, language lessons, home repair and respite care, among other things. Time Dollars earned are then recorded at the Time Bank to be accessed when desired. A Time Bank can theoretically be as simple as a pad of paper, but the system was originally intended to take advantage of computer databases for record keeping. Some Time Banks employ a paid coordinator to keep track of transactions and to match request for services with those who can provide them.”

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