FindResources

Library

resource
Corporation for Enterprise Development | 2014

Financial Education & Account Access Among Elementary Students: Findings from the Assessing Financial Capability Outcomes Youth Pilot

Policymakers are increasingly looking to schools to deliver financial education to students and youth. However, the lack of evidence of the effectiveness of high school financial education courses has led some to believe that teaching these concepts in high school may be too late and that reaching younger students in elementary schools may lead to better outcomes. Making that education...

| More >
resource
Blog Post | | 2013

Financial Boot Camp Helps Army Enlisted

At a time when financial education is increasingly being criticized as an ineffective way to raise Americans’ low saving rate, an 8-hour course held on 13 Army bases is significantly boosting how much military personnel are saving for their retirement – among both big and small savers. They also trimmed their debts.

| More >
resource
Consumer Financial Protection Bureau | 2013

White paper on payday loans and deposit advance products

During the past year, the Consumer Financial Protection Bureau (CFPB) has engaged in an in depth review of short-term small dollar loans, specifically payday loans extended by nondepository institutions and deposit advance products offered by a small, but growing, number of depository institutions to their deposit account customers. This review began with a field hearing held in Birmingham,...

| More >
resource
| 2013

Education Debt and Racial Disparity in College Success

This fact sheet discusses the large proportion of students who rely on education loans and credit cards to pay for college, as well as the finding that increasing student loan disbursements and access to credit cards do not help reduce racial/ethnic disparities in college graduation rates.

| More >
resource
Press Release | | 2012

Department of Consumer Affairs, Columbia University and City University of New York Announce Report About the Professionalization of Financial Counseling

This press release announced that the New York City Department of Consumer Affairs Office of Financial Empowerment released the second report in its "Municipal Financial Empowerment: A Supervitamin for Public Programs" series about the "supervitamin effect" of integrating financial empowerment and asset-building strategies into core social services.

| More >
resource
Press Release | | 2012

Louisville Joins 'Cities for Financial Empowerment' Coalition

Citing the work that Louisville has done in improving the financial health of its low- to moderate-income residents, Mayor Greg Fischer received an invitation from New York Mayor Michael Bloomberg and San Francisco Mayor Edwin Lee, co-chairs of Cities for Financial Empowerment, to join a coalition of other cities who have shown innovative thinking. The coalition currently includes eleven other...

| More >
resource
| 2012

Municipal Financial Empowerment: A Supervitamin for Public Programs, Strategy #2: Professionalizing the Field of Financial Education and Counseling

This report focuses on the importance of professionalizing the field of financial education and counseling and examines the New York City Department of Consumer Affairs Office of Financial Empowerment's efforts to standardize professional training by developing credit-bearing training courses at both the undergraduate and graduate levels in partnership with City University of New York and...

| More >
resource
Article | | 2012

Taking Financial Education to the Next Level

New York City's Office of Financial Empowerment (OFE) developed and delivered rigorous and professional standards for financial education, including counselor training, service delivery quality control, and impact measurement and evaluation. This article examines OFE’s delivery model, the impacts experienced as these programs were integrated into other services, and the repercussions for...

| More >
resource
Blog Post | | 2012

Is Financial Education in Schools on the Decline?

This blog post provides describes ways states can promote financial capability among children and youth by requiring that financial education be taught and tested in the classroom. Across the country, states have adopted a range of financial education policies, of varying strength and impact. States can: 1) require schools districts to include personal financial in curriculum standards; 2)...

| More >
resource
Blog Post | | 2012

Evaluation in Action: Demonstrating Results, Measuring Impact and Informing Change in Financial Capability

This blog post describes Citi Foundation’s collaborative efforts to demonstrate results of financial coaching, financial education, housing counseling, credit counseling and asset-building efforts on the lives of individuals and families. Citi Foundation and its partners collaborated with the Success Measures program (www.successmeasures.org) at NeighborWorks America to develop and field test...

| More >
resource
Blog Post | | 2012

National Financial Capability Challenge

This blog post describes the 2011 National Financial Capability Challenge, sponsored by the Department of Treasury. Each year, thousands of high school students across the country participate in the Challenge, which consists of a voluntary online exam, often coupled with financial capability lessons in the classroom. In 2012, a total of 76,892 students participated in the challenge last year,...

| More >
resource
Blog Post | | 2012

Financial Literacy: Strengthening Partnerships in Challenging Times

This blog post pulls from a General Accountability Office (GAO) summary of a forum on financial capability held in October 2011. Forum participants included representatives of federal, state, and local government organizations; academic experts; nonprofit practitioners; and representatives from the private sector. Participants discussed (1) needs and priorities in improving financial literacy;...

| More >
resource

Resource Guide: Financial Education in Schools

CFED’s 2012 Assets and Opportunity Scorecard includes a resource guide focuses on financial education in schools as a key approach to building “financial capability”—
the ability to make informed judgments and effective decisions about money management. It argues that states should ensure that students receive quality instruction in key personal financial concepts. It describes elements of a...

| More >
resource
| 2012

Crazy Cash City - Evaluation Report

First Nations Development Institute worked in partnership with First Financial Credit Union to design a financial reality fair titled “Crazy Cash City.”  The Crazy Cash City financial simulation was offered to nearly 200 Native American high school students in Gallup area high schools and was designed to be an innovative experiential learning model for Native youth. The Crazy Cash City model...

| More >
resource
| 2012

Learning By Doing

When the Western Shoshone Tribes learned that they were going to receive a historic land claims settlement payout in 2012, they were eager to provide financial education to their members, especially their youngest members. In October 2012, First Nations Development Institute partnered with the Office of the Special Trustee for American Indians (OST) to provide an innovative financial education...

| More >
resource
| 2011

National Strategy for Financial Literacy 2011

This Financial Literacy and Education Commission (FLEC) report provides a framework for an overarching financial literacy strategy. The framework identifies five action areas—policy, education, practice, research, and coordination. It also establishes concrete goals that the non-profit, government, and private sectors can and should work together to increase financial literacy and improve...

| More >