POVERTY – Time Bank
Sedona program encourages members to exchange services instead of money
Some say time is money. A group in Sedona has found a way to replace money with time. Time banks allow community members to exchange skills or services among one another without any money changing hands. Unlike bartering, which places a cash value on goods and services (and is taxed accordingly), Sedona TimeBank’s services are considered charitable acts. Cronkite News reporter Emily Johnson has the details.
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WALTER CRONKITE SCHOOL OF JOURNALISM AND MASS COMMUNICATION AT ARIZONA STATE UNIVERSITY 