Federal Reserve: Report on the Economic Well-Being of U.S. Households
The Federal Reserve Board’s latest survey of the financial and economic conditions of American households released Wednesday finds that individuals’ overall perceptions of financial well-being improved modestly between 2013 and 2014 but their optimism about future financial prospects increased significantly. The 2014 Survey of Household Economics and Decisionmaking, provides new insight into Americans’ economic security, housing and…
CFPB: Financial Coaching Initiative Launched
Program Targets Transitioning Veterans and Economically Vulnerable Consumers WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is launching its Financial Coaching Initiative, targeting recently-transitioned veterans and economically vulnerable consumers to help them with their financial goals. The program places 60 certified financial coaches at organizations around the country to provide individualized educational services. “Having…
OCC: Recognizing National Financial Capability Month
WASHINGTON — The Office of the Comptroller of the Currency (OCC) recognized National Financial Capability Month by participating in the annual Financial Literacy Day on Capitol Hill event today. OCC staff distributed financial capability materials at the event, including the agency’s Financial Literacy Update and OCC’s Consumer Advisories. Staff also highlighted the OCC’s HelpWithMyBank.gov Web site, which provides answers…
FDIC: New Resources for Teachers, Parents, and Caregivers to Strengthen Youth Financial Education
The Federal Deposit Insurance Corporation (FDIC) today launched Money Smart for Young People, a series of lesson plans for teachers and new resources for parents to help them teach children about managing money. The free resources are designed to improve financial education and decision-making skills among young people from pre-K through age 20. The FDIC…
ABA: Bankers Celebrate 19 Years of Teaching Children to Save
Estimated 293,880 children will be reached in 2015 through Teach Children to Save WASHINGTON — More than 14,000 bankers will host financial education events across the country this week as part of the 19th annual Teach Children to Save Day, on April 24. Since 1997, the program – sponsored by the American Bankers Association’s Community Engagement Foundation –…
FDIC: Phase II of Youth Savings Pilot Program Announced
The Federal Deposit Insurance Corporation (FDIC) is seeking applications from institutions for its Youth Savings Pilot, a program designed to foster financial education through the opening of safe, low-cost savings accounts by school-age children. Nine financial institutions are currently partnering with schools across the country as part of the initial phase of the FDIC’s Youth…
CFPB: Nationwide Effort to Advance Financial Education in Schools Launched
CFPB Publishes Resource Guide for Policymakers WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau announced that it is launching a nationwide effort to advance financial education in schools. The Bureau is publishing “Advancing K-12 Financial Education: A Guide for Policymakers,” a resource guide which contains strategies for furthering the development and implementation of financial education…
OCC: Comptroller of the Currency Thomas Curry Discusses Financial Literacy
WASHINGTON — Comptroller of the Currency Thomas Curry discussed the importance of financial literacy and encouraging healthy savings habits early in life during remarks at the Financial Literacy and Education Commission. Related Links Remarks (PDF) Comptroller of the Currency Thomas Curry About the Financial Literacy and Education Commission
ABA: Can Your Bank Help Teach Children to Save?
ABA calls for banker volunteers to increase financial capability in local schools WASHINGTON — The American Bankers Association, through its Community Engagement Foundation, is calling for banker volunteers to register for its national Teach Children to Save campaign. Now in its 19th year, the Teach Children to Save program is a national campaign that organizes banker volunteers…