Financial Counseling A Meaningful Strategy for Building Wealth in the Latino Community
This white paper provides an overview of national efforts to increase financial literacy among the U.S. population and specifically examines financial education initiatives and legislation that target low-income families. The paper also explores the important role that financial advisors or counselors play in transmitting critical information on personal finance and how such services can reach low-income families more effectively. Finally, the paper examines challenges in accessing certified financial counselors for low-income families and includes policy recommendations for creating a financial counseling infrastructure at the community level.
