Providing the basis for our financial inclusion programme, Financial Inclusion and Ethnicity brings together existing evidence to set out a clear and detailed picture of black and minority ethnic peopleâ€™s experiences of financial exclusion and how these differ (or overlap) with White peopleâ€™s experiences. It discusses how financial exclusion often results from disadvantage in employment, education and housing. The report draws attention to the wider impacts of financial exclusion on peopleâ€™s lives, such as on peopleâ€™s ability to participate in society.
The report makes 24 recommendations for future research and policy action, arguing that financial inclusion policies need to be underpinned by a wider understanding of disadvantage and social justice, rather than by a narrow emphasis on helping people to use certain goods and services.
The report was funded by the Friends Provident Foundation.