Financial Coaching Leads to Long-Term Financial Stability
Author: Alicia Atkinson
Topic: Financial coaching & counselling
Publisher: Prosperity Now (formerly CFED)
Location: United States
Format: Presentation
Content Type: Miscellaneous
Publication Date: December 31, 2014
Financial coaching is a promising strategy to help households improve their long-term financial well-being.Low- to moderate-income (LMI) individuals and families face multiple economic barriers that prevent them from achieving financial stability. Many of these barriers go beyond income but rather are due to a lack of access and experience with the United States’ complex financial services industry. While many households lack access to quality financial tools, they also need to build their financial capability, in order to make informed decisions about the use and management of money.
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