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Financial Capability and Asset Building (FCAB) Curriculum: Key Components Council on Social Work Education APM, November 3, 2013. Julie Birkenmaier, Ph.D. Saint Louis University. Presentation Overview. FCAB project, Center for Social Development (CSD) Rationale Fundamental components
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Financial Capability and Asset Building (FCAB) Curriculum: Key ComponentsCouncil on Social Work Education APM, November 3, 2013 Julie Birkenmaier, Ph.D.Saint Louis University
Presentation Overview • FCAB project, Center for Social Development (CSD) • Rationale • Fundamental components • Example • Fit with EPAS • Instructor resources
FCAB Project (2012-2015), CSD Washington University in St. Louis • Michael Sherraden, Principle Investigator (CSD) • FCAB Curriculum development • Margaret Sherraden, (UMSL and CSD) • Julie Birkenmaier (SLU) • Lissa Johnson (CSD) • Tiffany Trautwein (CSD) • FCAB partnership and demonstration • Mike Rochelle (CSD) • Gena McClendon (CSD) • Funding • Wells Fargo Advisors • Arthur Vining Davis Foundation
FCAB and Social Work • Why? • History of FCAB work • Person-in-environment perspective • Serve financially vulnerable people • Student demand • How? • Use PIE and strengths-based perspective • Engage in micro, mezzo and macro FCAB practice
Key FCAB Curriculum Points • Social workers have a history of performing FCAB work. • FCAB history influences the current financial situation. • Current FCAB policy and practice contexts shape options and behaviors.
Key FCAB Curriculum Points (cont.) • Income statements differ from balance sheets. • Household financial content must relate directly to financially vulnerable people and asset development. • Social workers engage in micro, mezzo, and macro FCAB work.
Fundamental Components of the FCAB Curriculum: Part I • Introduction to FCAB • Context • Financial services • Policy • Household finances • Earnings and income • Spending and budgeting
Fundamental Components of the FCAB Curriculum: Part II • Household finances • Saving, investing, asset building • Credit, debt, and building assets • Protecting assets • Asset preservation, de-accumulation, and legacy • Micro, mezzo, and macro social work practice
Example of FCAB Modules in an Elective Course • Introduction to FCAB • Earnings and income • Context: Financial products and services • Spending and budgeting • Saving and investing • Credit, debt, and assets • Protecting assets • Asset preservation • Mezzo and macro social work practice
Instructor Resources for FCAB • Syllabi on ACOSA website • FCAB initiative, CSD • Other CSD publications • Birkenmaier, Sherraden, & Curley (2013) • Scholarly FCAB literature in journals • University of Maryland, School of Social Work Financial Social Work Initiative (FSWI) Scholar Network
Additional Information • Julie Birkenmaier, Saint Louis University • Birkenjm@slu.edu • (314) 977-3323 • Mike Rochelle, CSD • Mrochelle@brownschool.wustl.edu