Financial Empowerment in the African American Church
Examining the Attitudes of Congregants to Adopt Christian Stewardship and Debt Management Principles
In the 21st Century financial literacy is as crucial to our economic survival as academic literacy. This is primarily due to Americans’ increasing responsibility for making complex financial decisions such as planning for retirement. Fewer Americans will receive an employer-defined pension as compared to ten or twenty years ago. Today, a defined contribution plan places the financial risk on the employee who is often ill-prepared to make decisions that will benefit their long-term financial goals.
This work captures the historical and cultural context for financial literacy in the twenty-first century in view of the Great Recession of 2008 to 2009.
