abstract: 'The transition to a financialized economy has had a devastating impact

  on workers and consumers and exacerbated wealth and income inequality in

  the United States and around the world. In this article, the authors

  explain financialization, a two-fold economic strategy whereby

  individual corporations invest in the financial market- rather than make

  capital improvements- to earn a profit and global and domestic economies

  heavily invest in and depend upon financial, insurance, and real estate

  (FIRE) ventures. If the social work profession is to meet its obligation

  to promote social and economic justice, practitioners and students must

  understand this economic strategy and its consequences. The social work

  education, practice, and policy literature elaborates upon the role that

  practitioners can play in helping clients achieve financial literacy.

  This reflects a largely micro approach to the problems created and

  maintained by financialization. Macro interventions are required,

  however, since financialization is indicative of and exacerbates

  systemic economic inequality. Therefore, the authors identify suggested

  content for the generalist and foundation practice, policy, field, and

  continuing education curricula that identifies the knowledge and skills

  needed to help clients with their financial difficulties and challenges

  the underlying economic forces that contributed to them.'
affiliation: 'Knight, C (Corresponding Author), Univ Maryland Baltimore Cty, Sch Social
  Work, Baltimore, MD 21250 USA.

  Knight, Carolyn; Belcher, John, Univ Maryland Baltimore Cty, Baltimore, MD USA.

  Knight, Carolyn, Univ Maryland Baltimore Cty, Sch Social Work, Baltimore, MD 21250
  USA.'
author: Knight, Carolyn and Belcher, John
author-email: knight@umbc.edu
author_list:
- family: Knight
  given: Carolyn
- family: Belcher
  given: John
da: '2023-09-28'
doi: 10.1080/08841233.2022.2120168
eissn: 1540-7349
files: []
issn: 0884-1233
journal: JOURNAL OF TEACHING IN SOCIAL WORK
keywords: 'Financialization; income and wealth inequality; macro practice; field

  education; policy practice'
keywords-plus: 'UNITED-STATES; US; LITERACY; JUSTICE; FINANCIALISATION; SURVIVORS;

  COVID-19; POLITICS; POLICY; AGENDA'
language: English
month: JAN 1
number: '1'
number-of-cited-references: '89'
pages: 20-42
papis_id: 617a800f595eab3c60aea1e9baa427ea
ref: Knight2023financializationsyst
times-cited: '0'
title: 'Financialization and Systemic Income Inequality: A Call to Action for Social
  Work Educators and Practitioners'
type: Article
unique-id: WOS:000906106600002
usage-count-last-180-days: '0'
usage-count-since-2013: '0'
volume: '43'
web-of-science-categories: Education \& Educational Research
year: '2023'