Following a rigorous research effort to develop a consumer-driven definition of financial well-being, the CFPB developed and tested a set of questions–a “scale”–to measure financial well-being. The scale is designed to allow practitioners and researchers to accurately and consistently quantify, and therefore observe, something that is not directly observable–the extent to which someone’s financial situation and the financial capability that they have developed provide them with security and freedom of choice. This guide describes the research behind the CFPB Financial Well-Being Scale and provides detailed steps for using it, including how to score individuals’ responses and compare their scores.
Agency Owner: Consumer Financial Protection Bureau
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The Teacher Online Resource Center offers teachers resources from the Federal Deposit Insurance Corporation (FDIC)and Consumer Financial Protection Bureau (CFPB) to help teach children from pre-K through age 20 about money or other financial topics. Also available on the site are videos that illustrate practical ways teachers can integrate core financial education lessons into the classroom. Access to curriculum, videos, and more can be found at www.fdic.gov/teachers.
Agency Owner: Federal Deposit Insurance Corporation
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Money Smart for Young People has lessons that provide a developmentally appropriate program for young students to build an understanding of key financial concepts. This standards-aligned curriculum can be incorporated into subjects such as English language arts, mathematics and social studies.
In addition to the educator materials, the curriculum includes a Parent/Caregiver Guide that corresponds to the classroom materials.
Agency Owner: Federal Deposit Insurance Corporation
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Date: 04/12/2017
The Commodity Futures Trading Commission (CFTC) is the federal government agency that regulates the commodity futures, commodity options, and swaps trading markets. The mission of the CFTC is to protect investors and the public from fraud in the commodity futures and options markets.
Agency Owner: Commodity Futures Trading Commission
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A report, Opportunities to Improve the Financial Capability and Financial Well-being of Postsecondary Students, has been prepared by the Financial Literacy and Education Commission (FLEC) and describes the state of financial education among postsecondary students. The report describes current efforts to enhance financial education in a number of institutions with regards to student understanding of financial aid and financial education topics at two critical junctures:
Choosing Where to Go and How to Finance Postsecondary Education; and
Making Sound Financial Decisions When Enrolled and Beyond.
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Document Type: Report
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FLEC is providing this document as an overview of youth savings programs and key resources to encourage the development and implementation of programs that expand the financial capability of youth and build opportunities for financial inclusion for more families.
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Document Type: Tools, Tips, Savings, Guide, Fact Sheet
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Date: 02/16/2015
This Toolkit is designed to provide caseworkers, independent living skills providers, congregate care providers, foster parents, and other supportive adults with strategies and resources to critically evaluate and improve their current approaches to financial capability. It is designed for those working with youth under the age of 18 and young adults over the age of 18 who are preparing to transition out of the foster care system. The Toolkit is a compilation of lessons learned, best practices and practical tools, which can be used together or separately, to help service providers methodically choose and integrate new strategies, programs, or interventions to improve the financial capability of the youth they serve. Additionally, content and tools can be tailored to meet stakeholder needs based on the intended outcomes of their services and the characteristics of the populations they are serving. The tools and resources are intended for a number of different actors in a child-welfare system and can be used in multiple situations.
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Date: 06/18/2020
This document lists an array of resources for students and their families with tools and information to help make informed decisions about saving, paying, or financing their higher education. This list was compiled by members of the Postsecondary Subcommittee of the Financial Literacy and Education Commission (FLEC), and offers free resources from federal agencies.
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Document Type: Websites, Tools, Tips, Interest, Guide, Guidance
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Kids learn important money lessons from watching you earn, spend, save, and borrow. The CFPB and the FDIC are working together to help better prepare America’s young people to make financial decisions to achieve their own goals, throughout the stages of their lives. Start with the links below to explore age-appropriate information and activities for your kids.
Agency Owner: Consumer Financial Protection Bureau
Document Type: Website, Tools, Tips, Plan, Activity
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Date: 11/25/2014
Statistical supplement to the Current Population Survey that provides estimates and
insights into the unbanked and underbanked populations of the United States.
Agency Owner: Federal Deposit Insurance Corporation
Document Type: Website, Survey Data, Report
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Date: 10/29/2014