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Washington University in St. Louis
2020 ; fiancial capability; United States ; financial education ;
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The Financial Capability And Financial Well-Being Of Low-Income Entrepreneurs, Jin Huang, Baorong Guo
The Financial Capability And Financial Well-Being Of Low-Income Entrepreneurs, Jin Huang, Baorong Guo
Center for Social Development Research
Entrepreneurship can offer a path out of poverty, but do low-income entrepreneurs have the knowledge and resources they need to succeed?
Reporting on analyses of data from the Consumer Financial Protection Bureau’s 2016 National Financial Well-Being Survey, this brief suggests that many would-be entrepreneurs turn to alternative financial products in lieu of mainstream options and could benefit from comprehensive financial guidance designed to bolster financial capability.