Financial Capability and Asset Building in Social Work Education: Is It “The Big Piece Missing?”

Abstract

Although social workers recently have renewed the profession’s historical focus on the financial well-being of vulnerable families, they receive little professional education to prepare them for this work. This study examines the implementation and outcomes of infusing a financial capability and asset building (FCAB) curriculum in a variety of social work courses in 11 minority-serving baccalaureate colleges and universities. Analysis of in-depth interviews with 24 faculty and administrators finds that respondents believe students gained understanding and appreciation for FCAB. Faculty also reported greater confidence in teaching FCAB concepts and skills. Pre- and posttest surveys with 261 students indicate changed attitudes, confidence in helping clients with basic financial management, knowledge about financial capability, and improvement in some personal financial behaviors.