Jump to ContentJump to Main Navigation
Financial Capability and Asset DevelopmentResearch, Education, Policy, and Practice$
Users without a subscription are not able to see the full content.

Julie Birkenmaier, Jami Curley, and Margaret Sherraden

Print publication date: 2013

Print ISBN-13: 9780199755950

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199755950.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 January 2021

Financial Capabilities of Service Providers in the Asset-Building Field

Financial Capabilities of Service Providers in the Asset-Building Field

(p.251) 12Financial Capabilities of Service Providers in the Asset-Building Field
Financial Capability and Asset Development

Vernon Loke

Julie L. Watts

Sally A. Kakoti

Oxford University Press

The development of financial capabilities is essential for individuals to build long-term wealth and move out of poverty permanently. Service providers within the asset-building field regularly work with individuals and families who are economically distressed or disadvantaged, and are uniquely positioned to help increase the financial capabilities of these populations. The financial knowledge, skills and abilities of service providers and the counseling and information they offer their clients can have a significant impact, positively or negatively, on a client’s economic outcomes. This study exploring asset building for working families in Washington State reveals that frontline service providers in the asset-building field had very positive self-assessments of their financial capabilities and the vast majority reported positive financial practices and behaviors. However, the level of financial literacy among respondents was no better than the general population, and many reported that they do not feel equipped to deliver finance-related services to their clients. Much work remains to improve the financial capabilities of service providers.

Keywords:   financial capabilities, service providers, asset building, financial practices, financial literacy, debt literacy, Washington State

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .