Overview

With today's availability of Social Security and Medicare, we typically think of the older years as a stage in life where people are supported financially. However, of the more than 40 million old adults currently living in the US, many are struggling financially living below or near the poverty line. They are lacking the assets necessary to see them through a period of life that is often longer than expected and that requires more health and long-term care. While financial vulnerability can be most pronounced in old age, it is often created across decades, revealing itself in later years when there is little opportunity to reverse a lifetime of disadvantage. The concept of Financial Capability refers to both an individual and structural idea that combines a person's ability to act with their opportunity to act in their best financial interests.In Financial Capability and Asset Holding in Later Life: A Life Course Perspective the concept of Financial Capability is used to underscore the importance of acquiring knowledge and skills while addressing policies and services than can build financial security. The volume assembles the latest evidence on financial capability and assets among older adults using a life course perspective, arguing that older adults need financial knowledge and financial services in order to build secure lives, and that this process needs to begin before it is too late to make effective changes and choices. Broken into three parts, the book's chapters - written by leading experts in the field - blend together empirical findings, economic and social theory, and case studies. Part 1 opens the book with a conceptual and empirical overview of financial capability and assets among older adults using a life course perspective. Part 2 presents chapters addressing financial vulnerability of diverse racial and ethnic groups, people with disabilities, and immigrants. Part 3 includes chapters describing current policies, programs, and innovations, including a review of important issues of working and caregiving in later life, and a detailed assessment of age-friendly banking principles, banking products, services, and policies.

Full Product Details

Author:   Nancy Morrow-Howell ,  Margaret Sherrard Sherraden
Publisher:   Oxford University Press Inc
Imprint:   Oxford University Press Inc
Dimensions:   Width: 16.20cm , Height: 2.10cm , Length: 24.10cm
Weight:   0.538kg
ISBN:  

9780199374304

ISBN 10:   0199374309
Pages:   280
Publication Date:   12 March 2015
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand  
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Table of Contents

Introduction - Financial Capability in Later Life: A Life Course Perspective Margaret S. Sherraden and Nancy Morrow-Howell Part One - Financial Capability in Later Life: Theory and Evidence of Life Course Impacts 1. The Economic and Financial Status of Older Americans: Trends and Prospects William R. Emmons and Bryan J. Noeth 2. All That Glitters is Not Gold : Social Mobility, Health, and Mental Health among African Americans Darrell Hudson Part Two - Financial Capability in Later Life: Vulnerable Populations 3. Assets and Older African Americans Trina R. Williams Shanks and Wilhelmina A. Leigh 4. Economic Security of Older Hispanics: The Role of Social Security and Employer-Sponsored Plans Jacqueline L. Angel and Stipica Mudrazija 5. Enhancing the Financial Capability of Native American Elders Amanda Barusch, Molly Tovar, and Tracy Golden 6. Older Immigrants: Economic Security, Asset Ownership, Financial Access, and Public Policy Yunju Nam 7. The Interactions of Disability, Aging, Assets, and Financial Instability Michelle Putnam Part Three - Policies and Innovations 8. Asset Development among Older Adults: A Capability Approach Jin Huang and Jennifer C. Greenfield 9. Long-Term Care in the United States: Who Pays? Jennifer C. Greenfield 10. Workplace Policies and Practices: Opportunities for and Barriers to Accumulating Assets in Midlife and Later Ernest Gonzales 11. Age-Friendly Banking: Policy, Products, and Services for Financial Capability Sehar N. Siddiqi, Robert O. Zdenek, and Edward J. Gorman III Conclusion - Financial Capability in Later Life: Summary and Applications Nancy Morrow-Howell, Michael Sherraden, and Margaret Sherraden Index

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Author Information

Margaret Sherrard Sherraden, PhD, is Professor, School of Social Work, University of Missouri-St. Louis, and Research Professor, Center for Social Development (CSD), Washington University in St. Louis. Nancy Morrow-Howell, MSW, PhD, is the Ralph and Muriel Pumphrey Professor of Social Work and the Director of the Harvey A. Friedman Center for Aging at Washington University. Michael Sherraden, MSW, PhD, is the Benjamin E. Youngdahl Professor of Social Development and founding director of the Brown School's Center for Social Development (CSD) at Washington University in St Louis. In 2010, Sherraden was listed on the Time 100 most influential people in the world.

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