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Financial inclusion tool for people with disabilities
Thesis   Open access

Financial inclusion tool for people with disabilities

Oxana Loseva
Master of Science (M.S.), Drexel University
Jun 2021
DOI:
https://doi.org/10.17918/00000745
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Loseva_Oxana_202116.06 MBDownloadView

Abstract

People with disabilities--Finance, Personal Financial exclusion Educational games--Design
One if four people have a disability, that's 61 million Americans. They have $490 billion in investible income. However, we currently do not design with people with disabilities in mind. There are many barriers to financial services for people with disabilities - investing is not taught in schools and is often not encouraged for people with disabilities to partake in. Special education curricula rarely covers financial wellness and it falls on the parents to educate their children with disabilities about finances. Parents are also primary financial decision makers and often have full access to their children's bank accounts. This results in lack of financial privacy and lack of financial independence for people with disabilities. Other barriers are social security benefits, people receiving social security benefits cannot have more than $2000 in income, any amount that exceeds that limit will result in loss of social security benefits. In my thesis, I am addressing the gap of lack of financial education for people with cognitive disabilities. I have developed a tool, a game, that teaches people with disabilities how to invest and manage money. It is an interactive way to learn about money management and can be played alone or with family and friends. Players experience market fluctuation and real-life money examples that they have to navigate in order to maintain their checking and savings accounts. These are the skills that they can develop and then apply to their real bank accounts. Key words: accessibility, inclusion, cognitive disability, financial wellness, money management, investing, game design

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