Build financial capability for all

WP13Nearly half of all American households are financially insecure, without adequate savings to meet basic living expenses for three months. We can significantly reduce economic hardship and the debilitating effects of poverty by adopting social policies that bolster lifelong income generation and safe retirement accounts; expand workforce training and re-training; and provide financial literacy and access to quality affordable financial services. [See Brief Description]

 

Our Leadership

Network Co-Leads to Build Financial Capability for All: Julie Birkenmaier, Jin Huang, and Margaret Sherraden.

Policy Recommendations

Birkenmaier, J., Despard, M. R., & Friedline, T. (2018, May). Policy recommendations for financial capability and asset building by increasing access to safe, affordable credit (Grand Challenges for Social Work initiative Policy Brief No. 11-2). Cleveland, OH: American Academy of Social Work & Social Welfare.

Despard, M. R., Friedline, T., & Birkenmaier, J. (2018, May). Policy recommendations for helping U.S. households build emergency savings (Grand Challenges for Social Work initiative Policy Brief No. 11-3). Cleveland, OH: American Academy of Social Work & Social Welfare.

Friedline, T., Despard, M. R., & Birkenmaier, J. (2018, May). Policy recommendations for expanding access to banking and financial services (Grand Challenges for Social Work initiative Policy Brief No. 11-4). Cleveland, OH: American Academy of Social Work & Social Welfare

Huang, J., Sherraden, M. S., Clancy, M. M., Sherraden, M., Birkenmaier, J., Despard, M., … Rothwell, D. (2016, September). Policy recommendations for meeting the Grand Challenge to Build Financial Capability and Assets for All (Grand Challenges for Social Work Initiative Policy Brief No. 11). Cleveland, OH: American Academy of Social Work & Social Welfare.

Policy action statement.  “Build financial capability and assets for all and Reduce extreme economic inequality.” Actions target universal and progressive Child Development Accounts as a policy vehicle for lifelong asset building.

Events

April 17, 2018  “Coin a Better Future: Reaching Out to Financially Vulnerable Households.” Click here for more information.

January 10-11, 2018 “Third Convening on Financial Capability and Asset Building: Using Evidence to Influence Policy and Practice.” Prior to SSWR annual conference. Click here for more information.

April 27, 2016, “Thinking Money: The Psychology Behind our Best and Worst Financial Decisions” Film Viewing and Panel, University of Maryland, School of Social Work. Click here for more details.

Webinar – January 2017
Building Financial Capability and Assets for All [webinar] [powerpoint slides]

News

New Textbook: The first textbook to focus on financially vulnerable households is now available from Oxford University Press. “Financial Capability and Asset Building in Vulnerable Households: Theory and Practice” teaches about financial capability and asset building (FCAB) through the stories of four families whose lives unfold over 23 chapters.

Singapore starts FCAB project to train social workers.

Journals turn attention to financial capability and asset building.

Visit the Build Financial Capability for All website