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Introduction to the Special Issue on “Financial Capability and Asset Building for Family Financial Wellbeing”

Author

Listed:
  • Julie Birkenmaier

    (Saint Louis University)

  • David Rothwell

    (Oregon State University)

  • Jodi Jacobson Frey

    (The University of Maryland School of Social Work)

  • Darla Spence Coffey

    (President and CEO)

Abstract

The papers in this issue emerged from a 2020 social work academic conference focused on financial capability and asset building (FCAB) research. This introduction provides an overview of the challenging financial and economic realities for U.S. families that provide the context for these papers. An outline of social work?s unique role with these families precedes a brief introduction to each included paper. ?Building on these papers, the authors provide an overview of future directions for FCAB research in the areas of theory and methods. Regarding theory, the FCAB field will benefit from the further exploration of the role of access and context for financial capability, as well as the use of institutional theory in FCAB practice and research. The role of relationships on financial behavior is also under-researched along with the intersection of FCAB with clinical issues and other human needs. Regarding methods, future research that uses qualitative and longitudinal data is also needed to advance FCAB knowledge. Overall, interdisciplinary work across social work and consumer finance to build models that span professional boundaries and incorporate FCAB into consumer financial wellbeing models will advance theory and evidence.

Suggested Citation

  • Julie Birkenmaier & David Rothwell & Jodi Jacobson Frey & Darla Spence Coffey, 2022. "Introduction to the Special Issue on “Financial Capability and Asset Building for Family Financial Wellbeing”," Journal of Family and Economic Issues, Springer, vol. 43(4), pages 647-653, December.
    • Handle: RePEc:kap:jfamec:v:43:y:2022:i:4:d:10.1007_s10834-022-09871-y
    DOI: 10.1007/s10834-022-09871-y
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    References listed on IDEAS

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    1. Lu Fan & Robin Henager, 2022. "A Structural Determinants Framework for Financial Well-Being," Journal of Family and Economic Issues, Springer, vol. 43(2), pages 415-428, June.
    2. David W. Rothwell & Shiyou Wu, 2019. "Exploring the Relationship between Financial Education and Financial Knowledge and Efficacy: Evidence from the Canadian Financial Capability Survey," Journal of Consumer Affairs, Wiley Blackwell, vol. 53(4), pages 1725-1747, December.
    3. Heather H. Kelley & Ashley B. LeBaron & E. Jeffrey Hill, 2021. "Family Matters: Decade Review from Journal of Family and Economic Issues," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 20-33, July.
    4. Mary A. Caplan & Julie Birkenmaier & Junghee Bae, 2021. "Financial exclusion in OECD countries: A scoping review," International Journal of Social Welfare, John Wiley & Sons, vol. 30(1), pages 58-71, January.
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