Vernon Loke|Sally A. Hageman
Debt Literacy and Social Work
Kansas State University
united states today 56 individuals debt fostermeijer schuh zabek 2011 debt literacy may defined ability correctly assess debt contracts andcompound interest making financial decisions loans credit cardsinterest rates fees often lowincome individuals vulnerable toexperiencing debt social workers uniquely placed assist however little known debtliteracy levels master social work msw students becomesocial workers study attempts tofill gap data collected 48msw students analyzed using chisquare goodnessoffit tests chisquare testsof independence fishers exact test appropriate resultsindicate social work studentsscored low debt literacy measures statistically similar thegeneral population service providers asset building field inaddition students higher selfassessed financial knowledge comefrom households higher incomes network tend higher debtliteracy levels implications social work practice education discussed