March 3, 2021
Strengthening Financial Avenues in Native American Communities
Author: Debra J. Bolton, PhD
Native communities defined currencies by their food, relationships, nature and tools to sustain a living. Over time, Native and Indigenous populations gave way to the use of paper money. These new social standards pushed them to adopt different ways to sustain their living, often, outside their reservations and communities, which may be critical in building wealth.
Many studies and reports point to poor choices, failure to conform to government policies and lack of knowledge on managing funds as reasons Native communities remain in poverty, which may not be the case. Several factors may contribute to money challenges Natives face in their communities. You can learn more about how some Native communities build wealth and find ways to address the financial challenges below.