Discover financial empowerment resources
Discover financial empowerment resources
This brief will provide a variety of insights and recommendations for creating more equitable opportunities and inclusive programs based on the first-hand experiences of organizations across the nation. Learning how organizations recognize the challenges that various communities or populations face...
Modern financial planning is dominated by one topic: retirement planning. However, in spite of extensive study and wide attention, retirement savings rates remain perplexingly low and remarkably resistant to policy intervention. One approach that does seem to work is employer-based education....
These are the webinar slides from the Center for Financial Security webinar on the LIFT-UP program approach to municipal financial empowerment with the National League of...
These are the webinar slides from the Center for Financial Security webinar on the role of education in retirement...
This is the Final Report for the LIFT UP model. In 2013, NLC selected five cities to pilot the LIFT-UP model with their city-owned water utilities: Houston, Texas, Louisville, Kentucky, Newark, New Jersey, Savannah, Georgia and St. Petersburg, Florida. Prior to the launch of LIFT-UP, the five...
This is the Executive Summary for the LIFT UP model. In 2013, NLC selected five cities to pilot the LIFT-UP model with their city-owned water utilities: Houston, Texas, Louisville, Kentucky, Newark, New Jersey, Savannah, Georgia and St. Petersburg, Florida. Prior to the launch of LIFT-UP, the five...
This brief summarizes research into the theories underlying financial coaching and the effects of financial coaching on participant behaviors and outcomes. In practice, financial coaching remains an unregulated field, and individuals and organizations use the term “financial coaching” to refer...
This is a presentation by J. Michael Collins explaining why financial coaching is a more effective intervention to achieve financial capability, compared to financial literacy. He explains the role of counseling, a definition of financial coaching, the role of the coach, and coaching as a form of...
This brief summarizes key findings from a pilot study of MyBudgetCoach (MyBC).1 MyBC is a financial coaching program designed to help low- and moderate-income adults develop budgeting skills and work towards their financial goals. Trained coaches use the program’s online platform...
This pilot study explores the delivery and effectiveness of MyBudgetCoach, a financial coaching program designed to help low- and moderate-income adults develop budgeting skills, set financial goals, and work towards those goals. Specifically, this study compares two modes of program delivery,...
Financial coaching is a promising strategy to help people improve their financial well-being, but is often not yet universally understood. Practitioners are turning to coaching strategies to better facilitate behaviour change as opposed to the disappointing results often found when only financial...
This presentation examines the financial coaching model and suggests an approach to measure outcomes of financial coaching and financial...
Financial counselling may be an effective way to improve individuals’ financial behaviour and outcomes. However, its impacts have not been adequately studied. Previous studies show weak positive effects of counselling, but are subject to a number of limitations. This study, a collaboration...
In the spring of 2012, the Center for Financial Security (CFS) interviewed financial coaches at 11 organizations in order to document emerging practices and ongoing challenges for the field. The organizations were selected based on prior familiarity and through suggestions from CFS coaching...
According to a 2013 Federal Reserve Board Survey, technology is increasingly being used by people at all income levels to manage basic financial tasks. With the popularity of smart phones increasing the convenience and accessibility of the internet, combined with the ever increasing public access...
After more than a year of dedicated research, analysis, and outreach, CFSI has developed eight indicators to measure financial health. For each indicator, we provide benchmarks, financial data proxies, survey question alternatives, and data sources, among other things. This is the final report on...