Discover financial empowerment resources
Discover financial empowerment resources
Leaders of workforce development programs have been taking the initiative to integrate financial literacy and capability services into their own curriculum and services. However, this requires resources, knowledge, and capacity that workforce development programs may not have. With support from...
This brief is the fourth of a five-part series that highlights the need and opportunity for integrating financial capability services into social service programs. The goal of this integration is to improve overall financial outcomes that lead to financial security for low- and moderate-income...
Financial coaching is a promising strategy to help households improve their long-term financial well-being.Low- to moderate-income (LMI) individuals and families face multiple economic barriers that prevent them from achieving financial stability. Many of these barriers go beyond income but rather...
This brief is the first of a five-part series that will highlight the need and opportunity for integrating financial capability services into social service programs to improve overall outcomes that lead to financial well-being. This introductory brief covers (1) the state of households’...
To paint a picture of how financial capability develops, the CFED has looked at three types of lifecycle events: Universal experiences: things that happen to everyone, like early childhood and middle school; Expected or recurring experiences: things that happen for most of us, but at different...
Most community-based organizations are accustomed to managing scarce resources, which may discourage them from delivering additional services. However, partnering with other organizations to provide services allows service providers to tap into existing resources and infrastructure instead of...
In 2005 the Financial Services Authority (FSA) commissioned the Personal Finance Research Centre to undertake an exploratory, methodological study to design a baseline questionnaire that could be used to measure levels of financial capability in the UK. In this report we begin by outlining the...
The 2005 Baseline Survey of Financial Capability (BSFC) was designed by the Personal Finance Research Centre on behalf of the Financial Services Authority to measure the four domains of financial capability which we had identified in earlier exploratory work with consumers. The questions set out in...