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The article discusses the deep-rooted financial trauma experienced by Native American, Alaska Native, and Native Hawaiian communities due to forced assimilation and systemic exclusion from Western financial systems. This trauma leads to behaviors like avoidance, compulsive spending, and financial dependence. However, financial struggles are not limited to Native communities and are widespread across different races and income levels.

Native-focused financial institutions are addressing this trauma by offering culturally relevant financial services that prioritize community well-being, respect for tribal sovereignty, and environmental sustainability. These institutions provide tailored lending programs, financial education with a cultural lens, and support for economic self-sufficiency. They focus on empowering individuals and communities, promoting shared prosperity, and incorporating traditional values like collective wealth.

The article emphasizes the broader significance of culturally relevant finance, noting that empowering Native communities leads to economic stability, job creation, and regional growth, while promoting sustainability and social justice. Supporting Native-led financial initiatives not only helps these communities but also benefits the larger economy and society as a whole.

Learn more: https://www.forbes.com/sites/forbeseq/2025/02/03/breaking-the-cycle-of-financial-trauma/