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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.