,Financial Counseling: A Meaningful Strategy for Building Wealth in the Latino Community

Financial Counseling: A Meaningful Strategy for Building Wealth in the Latino Community


 

Publication Date: January 2005

Publisher: National Council of La Raza

Author(s): Beatriz Ibarra; Beatriz Ibarra

Research Area: Banking and finance

Keywords: Pro bono counseling; Financial institutions; Hispanic population; Community economic development

Type: Report

Coverage: United States United States

Abstract:

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.