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Julie Birkenmaier, PhD


St. Louis University

Jin Huang, PhD


St. Louis University

Margaret Sherraden, PhD

Research Professor

Washington University in St. Louis


Christine Callahan, PhD

University of Maryland, Baltimore

Jodi Jacobson Frey, PhD

University of Maryland, Baltimore

Lissa Johnson, MSW, LCSW

Washington University in St. Louis

Jenny Jones, PhD

Clark-Atlanta University

Gena G. McClendon, PhD

Washington University in St. Louis

David Rothwell, PhD

Oregon State University


During the past five years, Build Financial Capability and Assets for All network

members and their colleagues have:

• Studied SEED for Oklahoma Kids, the

first randomized, controlled experiment

of universal and progressive CDAs in the

United States

• Informed adoption and implementation of

CDA policies in seven U.S. states, and FCAB

education, policies, and practice globally in

Azerbaijan, Canada, Israel, Korea, Mainland

China, Singapore, and Taiwan

• Organized five special issues on FCAB for

leading social work and consumer science


• Developed a Financial Social Work

Certificate Program

• Convened four FCAB conferences since 2015

• Created a social work curriculum for FCAB,

a curricular guide, online modules, and

a textbook, Financial Capability and

Asset Building in Vulnerable Households,

among others

• Edited a handbook on Financial Social Work:

Direct Practice with Vulnerable Populations

• Supported development of FCAB courses

in more than a dozen social work degree

programs, with plans underway for more,

and guided numerous doctoral dissertations


• Explored the impact of COVID -19 on

household finances in a series of articles

and blog posts

• Developed policy briefs on lifelong asset

building, financial services, CDAs, cultural

competency, social work in financial

practice, and others, including "Start

Lifelong Asset Building with Universal and

Progressive Child Development Accounts"

and "Policy Recommendations for Helping

U.S. Households Build Emergency Savings"


In the next five years the financial capability and asset building network will:

• Study the financial well-being effects of financial capability policies, programs, and practices on

vulnerable groups

• Advance theory and understanding of FCAB, including how individuals and social structures shape

financial capability and assets

• Test social policy and intervention innovations to promote FCAB

• Inform policies, programs, and practices that reduce racial/ethnic inequality in financial wellbeing

• Analyze and tackle the financial consequences of the pandemic

• Prepare social workers and human service practitioners in the US and other countries with basic

financial capability knowledge and practice skills, and increase specialists in FCAB

• Leverage opportunities for cross-grand challenge collaborations, especially with the Reduce

Extreme Inequality and Eliminate Racism networks

• Analyze and improve how financial technology (fintech) can be leveraged for vulnerable


An Impact Report at Year 5 of the 10-Year Initiative | 31


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