Financial Counseling: A Meaningful Strategy for Building Wealth in the Latino Community
Publication Date: January 2005
Publisher(s): National Council of La Raza
Special Collection: John D. and Catherine T. MacArthur Foundation
Keywords: Pro bono counseling; Financial institutions; Hispanic population; Community economic development
Coverage: United States United States
The report shows that current policies to improve financial literacy for Latinos fail to include one-on-one financial counseling programs, the linchpin of any strategy to close the wealth gap for Hispanics. Financial Counseling: A Meaningful Strategy for Building Wealth in the Latino Community provides specific policy recommendations on how to increase programs proven to improve financial decision-making of Hispanics – especially the more than 14.5 million who lack a basic checking account.