Financial Capability and Asset Development Research, Education, Policy, and Practice

Financial capability, or the ability of people to understand and act in their best financial interest, includes financial knowledge or "financial literacy" and access to beneficial financial services. This volume builds on theoretical, research, policy, and program developments over the past two decades. This book develops the idea and presents evidence that financial capability has a viral role to play in social work research, education, policy, and practice. It examines recent work by scholars who are generating knowledge and understanding about the role of financial capability on individual, family, and community well-being. The volume also reviews initial efforts to build professional capacity in social work to address the financial issues of low- and moderate-income and other vulnerable households and develops an agenda for future research and education.