MyMoney Resources - MyMoney Five

This report presents insights that can be helpful to researchers, practitioners, and funders undertaking or contemplating rigorous research into the effectiveness of different financial capability approaches. It summarizes the successful strategies and pitfalls of conducting rigorous evaluation of financial capability interventions, shared during a roundtable discussion with Urban Institute and CFPB staff, as well as evaluators, funders, and program staff.

With support from the U.S. Department of the Treasury, Corporation for Enterprise Development (CFED), the Center for Financial Security at the University of Wisconsin-Madison (CFS) and the New York City Department  of Consumer Affairs Office of Financial Empowerment (OFE) partnered on a pilot program to test the effect of  pairing of financial access and an average of one to two hours of financial counseling on the financial capability of a population transitioning off of public benefits in New York City.

The National Financial Capability Study survey was administered to over 2,000 panelists on RAND’s American Life Panel

High-level examination of financial capability in America

High-level examination of financial capability in the U.S. Military

This webpage features a collection of success stories on the implementation of the Money Smart financial education program, including potentially promising or model approaches.

This article highlights the results of an FDIC study of the effectiveness of the Money Smart financial education program.

During 2011 and part of 2012, the FDIC conducted a second nationwide survey of FDIC-insured depository institutions to assess their efforts to serve unbanked and underbanked individuals and families. This survey focuses on banks' basic transaction and savings account programs, auxiliary product and service offerings, financial education and outreach efforts, and perceived challenges as obstacles in offering financial products and services to unbanked and underbanked consumers.

This article summarizes results from the FDIC's Model Safe Accounts pilot, which was launched to determine the feasibility of banks offering affordable transaction and savings accounts to bring more individuals into the financial mainstream.

In consultation with the U.S. Department of the Treasury and President Bush's Advisory Council on Financial Literacy, the FINRA Investor Education Foundation commissioned the first national study of the financial capability of American adults in 2009. The overarching research objectives of the National Financial Capability Study were to benchmark key indicators of financial capability and evaluate how these indicators vary with underlying demographic, behavioral, attitudinal and financial literacy characteristics. The 2012 Study—similarly developed in consultation with the U.S. Department of the Treasury, other federal agencies and President Obama's Advisory Council on Financial Capability—aims to update key measures from the 2009 Study and to deepen exploration of topics that are highly relevant today (e.g., student loans and medical debt).