Building financial capability in youth employment programs: Insights from a roundtable with practitioners
Author: CFPB - Consumer Financial Protection Bureau
Topic: Financial literacy
Publisher: CFPB - Consumer Financial Protection Bureau
Location: United States
Format: Report
Content Type: Research
Publication Date: August 31, 2014
One promising opportunity for teaching young people about financial capability occurs when they are participating in programs that provide youth training and employment. Nearly 20 million youth were employed in July 2013 alone, 2 so youth employment programs offered in local communities represent a potentially powerful delivery mechanism for financial capability services. In recognition of this, the Consumer Financial Protection Bureau, along with its federal agency partners on the Financial Literacy and Education Commission, convened a roundtable of national and local leaders on November 6, 2013 to discuss current efforts to help youth build financial capability through employment programs. This document provides an overview of lessons drawn from that meeting for increasing the financial capability of young people through youth employment programs.
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