The Relevance of Financial Capabilities Development by Social Workers in Alleviating Poverty

Abstract

The relevance of social work in developing financial capabilities has not been widely explored. The study sought to examine the relevance of social work in facilitating the development of the financial capabilities of individuals and households. The study was conducted through a literature review to explore the roles and relevance of social work in the development of financial capabilities. The study reveals that social workers work with vulnerable communities. Because of the knowledge and skills acquired during training, they are well-placed to help individuals and families resolve their financial problems. Social workers have battled with their low financial capability levels due to inferior knowledge and skills regarding financial concepts, services, and products; hence, they struggle to assist individuals and households experiencing financial difficulties. To mitigate this gap in social work practice, there is a need to empower social workers with knowledge and skills related to the development of financial capabilities.