Building Millennials’ Financial Health via Financial Capability
Posted by New America on June 29, 2015
The mission of the Center on Assets, Education, and Inclusion (AEDI) at The University of Kansas School of Social Welfare is to create and study innovations related to asset development, education, and financial inclusion that result in opportunities across the life course for low-income children and families, in the U.S. and around the globe, for the purposes of climbing out of poverty and up the economic ladder.
With uneven economic growth and a persistent gap in asset holdings, the landscape in which Millennials must navigate important financial decisions is more treacherous than that experienced by previous generations. These conditions threaten the possibility of a brighter economic future for Millennials and their children, as one financial misstep made early in life may lead to ongoing financial volatility. To support opportunities for upward economic mobility across generations, we believe it is imperative to understand how particular combinations of financial experience and education are related to engagement with mainstream and alternative financial institutions, acquisition of debt, and plans for weathering financial emergencies.
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