Background: Genesis and Replication of the Financial Empowerment Centers

Authors

  • Elaine Jones

Abstract

Historically, the topic of money has been taboo, reserved for intimate conversations within the family. Even as the Great Recession forces the majority of Americans to downsize and cut back, people continue to feel guarded about seeking assistance to address their own declining financial health. Yet, the wealthy are seeking financial help in droves - and doing so unapologetically - as they have seen their fortunes dwindle. In fact, according to the Bureau of Labor Statistics, the field of professional financial advisers is expected to grow 32% from 2010 to 2020. Yet, the hefty price tag associated with these services has left those most in need of financial services going without.

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Published

2012-05-18

How to Cite

Jones, E. (2012). Background: Genesis and Replication of the Financial Empowerment Centers. Social Innovations Journal, (14). Retrieved from https://socialinnovationsjournal.com/index.php/sij/article/view/10506

Issue

Section

Featured Social Innovations