Financial social work is an interactive and introspective, multidisciplinary approach that helps individuals explore and address their unconscious feelings, thoughts and attitudes about money.
This results in feeling unworthy of a better financial future and behaving in self-sabotaging ways such as overspending on high-status items.
As individuals gain more insight into why and how their thoughts and attitudes about money developed, they are more likely to make deep, long-lasting financial choices that positively impact their future.
In addition, ongoing education, motivation and support are provided as part of the Financial Social Work package, thereby maximizing the likelihood of the optimal results.
[20][3][15] Historically, the majority of undergraduate and graduate social work programs have not included financial literacy or courses in personal finances.