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Financial Capability and Asset Building with Diverse Populations - Improving Financial Well-Being in Families and Communities (Hardcover)
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Financial Capability and Asset Building with Diverse Populations - Improving Financial Well-Being in Families and Communities (Hardcover)
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Global economic recovery in the aftermath of the Great Recession
has not been experienced equally: while the share of wealth owned
by the richest 3% has grown, the share owned by the poorest 90%
continues to decline, as reported by Oxfam in 2016. This wealth
divide disproportionately affects racial and ethnic minority
communities. This book underscores the importance of financial
capability and asset building (FCAB) practice, policy and research
during a period when vulnerable populations face increasingly
difficult economic and financial realities. At the same time,
retrenchment and privatization of government-sponsored social
services have eroded the safety net available for families
experiencing poverty or near-poverty conditions. The proliferation
of products and services available from both formal and informal
financial institutions highlights the need to promote FCAB to avoid
and/or recover from financial difficulties, crises and poverty. The
contributors to this volume disseminate findings from interventions
designed to increase financial knowledge, financial management and
financial access across several vulnerable populations, including
immigrant communities. Further, they demonstrate the need for
culturally sensitive FCAB service delivery, considering
opportunities and barriers posed by past and current life
situations, experiences and environments experienced by different
populations. The book is aimed at policymakers, researchers and
practitioners who assist financially vulnerable people. This book
was originally published as a special issue of the Journal of
Community Practice.
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