Financial Social Work Model Helps People Better Manage Money
A three-year research pilot program in Erie, PA has shown the Financial Social Work Model helps people better manage their money and decrease debt, according to this article on SocialJusticeSolutions.org.
The Financial Social Work Model is an interactive, introspective behavioral model that incorporates on-going education, motivation and support to help people become more financially stable.
Certification in this work is available only through the Center for Financial Social Work, which was founded by National Association of Social Workers member Reeta Wolfsohn, CMSW, of Asheville, NC.
Wolfsohn wrote in the SocialJusticeSolutions.org article that Erie has the highest poverty rate of any city in Pennsylvania. United Way conducted the pilot program and employed KeyStone Research Corporation to conduct an evaluation.
The results were promising. Wolfsohn wrote:
Briefly, significant positive changes were observed in efficacy for both participants and case managers, an increase in knowledge and number of positive money habits, a reduction of debt, an improvement in career resilience and self-sufficiency overall. In addition, the majority of participants give Financial Social Work a very good assessment with 83% giving it a “good” or “excellent” rating and 88% would recommend Financial Social Work to others who want to achieve financial self-sufficiency.
Social workers help people overcome life’s challenges. To learn more visit the National Association of Social Workers’ “Help Starts Here” website.
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