2017 Financial Literacy Annual Report

Record Description
This report from the Consumer Financial Protection Bureau describes the work the Bureau has done most recently to improve the financial literacy of Americans. The report highlights the helpful consumer guides the Bureau makes available to the public to assist in financial decisions, supported local community programs, resources to educate youth on financial literacy, and ways the Bureau supports financial literacy professionals in their work.
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Combined Date
2017-11-08T19:00:00
Source
Region
City/County
URL
https://www.consumerfinance.gov/data-research/research-reports/2017-financial-l…
Publication Date
2017-11-09
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Consumer Financial Protection Bureau: Booklets to Help Talk about Money

Record Description

The Consumer Financial Protection Bureau (CFPB) offers colorful, visually appealing booklets for counselors addressing basic financial management skills with clients. Behind on bills? helps clients get a handle on cash flow, prioritizing bills and expenses, and creating an action plan. Debt getting in your way? helps clients map out existing debt, set repayment goals, and avoid future debt. Each booklet contains simple tools that can stimulate conversations about financial management. Booklets can be ordered from the CFPB for free.

 

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Combined Date
2018-04-01T20:00:00
Source
Region
City/County
URL
https://www.consumerfinance.gov/practitioner-resources/your-money-your-goals/bo…
Publication Date
2018-04-02
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The Value of Financial Literacy and Financial Education for Workers

Record Description
A financially literate workforce helps the economy, but acquiring the needed skills can be costly. The level of financial literacy in developed countries is low and contributes to growing wealth inequality. Benefits from increasing the level of financial literacy include more effective saving for retirement and better debt management. However, there are significant costs related to acquiring financial literacy in terms of time and money, which implies that the net value of acquiring financial literacy is heterogeneous in the population. This potentially makes designing effective interventions difficult. Please refer to the supporting evidence map for greater details.
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Combined Date
2017-01-01T19:00:00
Source
Region
City/County
URL
https://wol.iza.org/articles/the-value-of-financial-literacy-and-financial-educ…
Evidence Map for the Value of Financial Literacy and Financial Education for Wo…
Publication Date
2017-01-02
Section/Feed Type
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Consumer Financial Protection Bureau: Be Money Smart

Record Description
As part of Financial Literacy Month in April, CFPB supports Money Smart Week (April 21–28, 2018) to help you become smart about money. Lots of free financial education classes and seminars are held by local and regional organizations throughout the United States for consumers to attend. The topics of these classes and seminars cover a multitude of money management topics, including buying a house, credit management, saving for college, and financing retirement.
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Combined Date
2017-11-28T19:00:00
Source
Region
City/County
URL
https://www.consumerfinance.gov/about-us/blog/be-money-smart/
Publication Date
2017-11-29
Section/Feed Type
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Integrating Financial Security Services into Workforce Development Program: Collaboration Releases Four Issue Briefs

Record Description

Integrating financial security services into workforce development programs can achieve greater impact without requiring significant cost and time. Corporation for a Skilled Workforce (CSW) and The Financial Clinic (the Clinic) have partnered to analyze the effects of financial security services on workforce development programs, with results released in four issue briefs. The briefs can be retrieved individually, or in their entirety. Issue Brief #1 is Why Should We Integrate? and discusses how workforce development organizations have made the case for integrating financial security practices. Issue Brief #2 is entitled How Can You Do It? and addresses how organizations integrate financial security practices. Issue Brief #3 is What About Roadblocks? and looks at how organizations have overcome integration challenges. Issue Brief #4 is called Is the Impact Worth It? and illustrates how organizations have justified the investment given the rewards.

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Combined Date
2018-01-16T05:14:35
Source
OFA Initiatives
Region
City/County
URL
Download the full issue brief series.
Issue Brief 1: Why Should We Integrate?
Issue Brief 2: How Can You Do It?
Issue Brief 3: What About Roadblocks?
Issue Brief 4: Is the Impact Worth It?
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Renegade Buggies

Record Description
Renegade Buggies is a free app that can be downloaded from both iTunes and Google Play and helps parents and children gain financial literacy skills together. The app was developed by the National Center for Families Learning in partnership with the Dollar General Literacy Foundation and was named Instructional Game of the Year (2015) by the Institute for Financial Literacy. It encourages both financial literacy and families learning together.
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Combined Date
2017-11-30T19:00:00
Source
Region
City/County
URL
http://renegadebuggies.familieslearning.org/
Publication Date
2017-12-01

Evaluation of the Compass Family Self-Sufficiency (FSS) Programs Administered in Partnership with Public Housing Agencies in Lynn and Cambridge, Massachusetts

Record Description
This Abt Associates report details evaluation results from Family Self-Sufficiency programs in Lynn and Cambridge, Massachusetts. In these programs, Compass Working Capital partnered with local public housing agencies to provide case management and an escrow savings account to help participants achieve their financial goals. The researchers compared the change in earnings, welfare income, credit scores, and debt over time between program participants and a matched comparison group. Participants experienced an average gain of $6,305 in household income between 2010 and 2016 and a decline of $496 in annual welfare income. Credit scores also increased an average of 23 points for participants, and their total debt decreased by an average of $764.
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Posting Date
Combined Date
2017-09-14T20:00:00
Source
Region
City/County
URL
https://www.abtassociates.com/compassFSS
Publication Date
2017-09-15
Section/Feed Type
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Expanding the Earned Income Tax Credit for Workers without Dependent Children: Interim Findings from the Paycheck Plus Demonstration in New York City

Record Description
The Earned Income Tax Credit (EITC) helps increase the benefits of work for low-income individuals, but workers without children can only receive a maximum of $500 a year. This MDRC report includes interim findings from the Paycheck Plus Demonstration in New York City, which tested the idea of expanding the EITC to working single adults without dependent children. The project recruited over 6,000 adults in New York City, and half were randomly selected to receive a Paycheck Plus bonus if they went through the process of applying for it. Interim results showed that individuals who received bonuses had higher income, increased employment, increased payment of child support, and increased tax filing.
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Posting Date
Combined Date
2017-09-14T20:00:00
Source
Region
City/County
URL
http://www.mdrc.org/publication/expanding-earned-income-tax-credit-workers-with…
Publication Date
2017-09-15
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Gaining Financial Security through Housing

Record Description
This Prosperity Now brief describes how three types of housing organizations have started to integrate financial capability services into their housing programs. Those housing organizations include affordable housing developers, public housing authorities, and housing counseling organizations, and they most frequently offered financial education or one-on-one financial counseling and coaching. Through interviews, the authors found that these housing organizations are started to offer financial capability services either in-house or through partnerships, but they face challenges in implementing those services. Lack of staff capacity, the need for training, and having enough resources available to offer financial capability services are the challenges that housing organizations face. Despite these challenges, housing organizations stated that helping clients proactively address their financial concerns can reduce the need for evictions.
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Posting Date
Combined Date
2017-08-16T20:00:00
Source
Region
City/County
URL
https://prosperitynow.org/files/PDFs/gaining_financial_security_through_housing…
Publication Date
2017-08-17
Section/Feed Type
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