Financial Literacy: Building Economic Empowerment with Survivors of Violence

Exploring emotions and irrationality in attitudes towards consumer indebtedness: Individual perspectives of UK payday loan consumption

“…The concept of financial literacy tends to concentrate on knowledge acquired through financial education, typically through formal sources (Lusardi et al, 2010;Postmus et al, 2013). As such, much of the research in the existing literature shares the goal of improving consumer understanding of their individual borrowing decisions through education to enhance financial literacy and overcome irrationality.…”

Financial Literacy and Economic Empowerment of Survivors of Intimate Partner Violence: Examining the Differences Between Public Assistance Recipients and Nonrecipients

“…The goals of such programs have included addressing basic financial skills and creating a sense of hope for short-and long-term goals (Sanders et al, 2007). Economic empowerment, defined as the one's sense of control over resources and one's capability to act in economic circumstances, is another important goal (Postmus, Plummer, McMahon, & Zurlo, 2012; 2007). The focus on economic empowerment of survivors builds on a long tradition of focusing on empowerment models in domestic violence services agencies (Kasturirangan, 2008).…”

Savings for Survivors: An Individual Development Account Program for Survivors of Intimate-Partner Violence

“…To date, research on programs to promote economic capability among survivors is promising but limited. For example, improvements in financial knowledge and skills have been reported by participants of financial education programs (Postmus, Plummer, McMahon, & Zurlo, 2012;Sanders et al, 2007), and this study demonstrates that survivors can be quite successful in saving and asset purchases in an IDA program designed specifically with the needs of survivors in mind.…”