Featured Pub Books & Chapters Financial Capability

We Have Clean Water and Clean Air: Why Not Clean Finance, Too? A Vision for Inclusion and Equity

In this essay from The Future of Building Wealth: Brief Essays on the Best Ideas to Build Wealth—for Everyone, Jin Huang, Michael Sherraden, and Margaret S. Sherraden present a vision for financial inclusion in an increasingly financialized world—a vision for effective finance.

Fundamental for financial stability, security, and development, effective finance entails access to beneficial financial services and social policies within a system in which people possess the knowledge and skills required to manage these offerings and to promote their overall financial well-being. Just as the United States “decided in the industrial age to deliver clean water to every house,” the authors note, it “can decide in the information age to deliver clean finance to every individual and family.”

Project: Financial Capability & Asset Building (FCAB)


Huang, J., Sherraden, M., & Sherraden, M. S. (2021). We have clean water and clean air: Why not clean finance, too? A vision for inclusion and equity. In R. Boshara & I. Rademacher (Eds.), The future of building wealth: Brief essays on the best ideas to build wealth—for everyone (pp. 83–89). Federal Reserve Bank of St. Louis & Aspen Institute. https://futureofwealth.org/wp-content/uploads/2021/09/Sec-2.pdf