SOCIAL WORK AND MANAGEMENT ›› 2020, Vol. 20 ›› Issue (2): 16-23.

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What is Financial Social Work and Its Development in the United States

HUANG Jin1,2, FANG Shu3, ZHOU Xiaochun4   

  1. 1. School of Social Work, Saint Louis University;
    2. Social Development Center, Washington Oniversit (st. Louis), City of Saint Louis, 63103, USA;
    3. School of Social and Psychological Sciences, Central University of Finance and Economics, Beijing, 100081, China;
    4. Department of Social Work, China Youth University for Political Studies, Beijing, 100089, China
  • Received:2019-11-18 Online:2020-03-15 Published:2020-04-10

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Abstract: Financial social work is a new practice area. In the paper,finance is regarded as a broader concept referring to everything related to money, economy and financial resources of the service objects, including their incomes, wealth, assets, consumption, credit, debt and financial risks, etc. To reach the core target of the financial well-being, such basic ways as enhancing individual and family financial capability are commonly adopted. Financial social work practices in America are based on the framework of financial capability and asset building (FCAB), one gives explanations to how financial inclusion, financial knowledge and skills, and financial capability and financial well-being, are related and connected. Guided by this framework, the services of different financial social work practices are to be identified. In China, a broader development network for financial social work can be constructed by starting and optimizing curriculum, expanding service fields, reviewing and assessing service effects, consolidating cooperation with financial agencies and markets, and strengthening research and exploration.

Key words: financial social work, financial inclusion, financial capability, financial well-being

CLC Number: 

  • C916
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[1] FANG Shu, XIE Shidong. The Basic Framework and Local Development of Financial Social Work Education [J]. SOCIAL WORK AND MANAGEMENT, 2020, 20(2): 5-15.
[2] YIN Yin, ZHANG Lin. Financial Social Work for Senior Citizens: Their Needs and Its Responses [J]. SOCIAL WORK AND MANAGEMENT, 2020, 20(2): 24-31.
[3] ZHOU Xiaochun. Development of Financial Social Work in China:Background, Content and Challenge [J]. SOCIAL WORK AND MANAGEMENT, 2020, 20(2): 41-48.
[4] LIN Dian. Financial Social Work: Origin, Connotation and Practice [J]. SOCIAL WORK AND MANAGEMENT, 2019, 19(2): 42-48.
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