Using information from the FINRA Investor Education Foundation 2012 National Financial Capability Study, we examined financial capability among people with and without disabilities. Respondents noted as having disabilities throughout this report selected “permanently sick, disabled, or unable to...

In 2009, the FINRA Investor Education Foundation commissioned the National Financial Capability Study—the first of its kind conducted in the United States—to assess and establish a baseline measure of the financial capability of American adults. The 2012 Study—which was developed in...

Using pooled data from the 2012 and 2015 waves of the National Financial Capability Study (NFCS), this research finds that young adults who were required to take personal finance courses in high school were significantly less likely to borrow payday loans than their peers who were not. These...

An individual’s financial literacy and access to basic financial services affects household financial stability and may have long-term effects on financial well-being. With this Study, we have sound empirical evidence regarding which families are most vulnerable and where action is needed most....

This is an infographic summarizing the financial situation of Americans captured in the National Financial Capability Study (NFCS) in 2015. The study shows evidence that the financial circumstances of Americans have improved over the last several years. Americans are finding it easier to pay...

Financial capability is a multi-dimensional concept that encompasses a combination of knowledge, resources, access, and habits. The NFCS is designed to understand and measure a rich, connected set of perceptions, attitudes, experiences, and behaviours across a large, diverse sample in order to...

Employers lose good workers for seemingly inexplicable reasons. Whether it is a long-term, reliable worker who starts missing work or a new hire who seems to be performing well and then suddenly stops showing up to work altogether, employers often do not understand the underlying causes for this...

The Investor Protection Clinic, the first clinic of its kind in Canada, provides free legal advice to people who believe their investments were mishandled and who cannot afford a lawyer. The Clinic was founded together with the Canadian Foundation for Advancement of Investor Rights (FAIR Canada),...

The Omega Foundation commissioned this research to better assess the influence of education savings and the federal government’s savings incentive grants for saving on post-secondary access. Our hope was to clarify the facts which have until now been largely obscured. This information gap has...

In most cases, allowable uses of CSAs are limited to higher education initially, with some allowance for homeownership, entrepreneurship, or other capital investment later. Although, more recent proposals for CSAs also include tiered structures so that children could access some savings while still...

This publication presents key findings for financial education, drawn from the IOSCO/OECD joint report “The Application of Behavioural Insights to Financial Literacy and Investor Education Programmes and Initiatives”. It gives a short overview of the ways in which behavioural insights are...

In this brief, we articulate why collaboration between community foundations and CSA programs is in their mutual interest. We describe the variety of roles that community foundations can play in promoting the growth and success of CSA programs, and then identify the primary challenges encountered...

The Canadian Foundation for Economic Education (CFEE) works collaboratively with funding partners, departments of education, school boards, schools, educators, and teacher associations to develop and provide free, non-commercial programs and resources for teachers and students – developed and...

Registered Education Savings Plans (RESPs) can be an effective way to save because they offer tax benefits and allow you to take advantage of federal government grants. There are different kinds of RESPs to choose from, so it’s wise to shop around to find the plan that best meets your...

This case study is about the Omega Foundation’s SmartSAVER program. It has effectively elevated the Canada Learning Bond (a post-secondary education savings program for low income families) from a struggling idea to a fully-fledged and well-utilized national resource. In so doing, Omega and...

During childhood and youth we build the foundations for financial well-being later in life, acquiring the knowledge, skills, attitudes, and personality traits that enable us to manage our finances as adults. This article reviews literature from consumer science, developmental psychology, and allied...

Infographic. Against the backdrop of rising post-secondary debt, a recent Investor Education Fund study explored early contributing factors among Ontario high school students aged 14 –...

Reimagining financial aid to include asset accumulation for those currently disadvantaged has the potential to meet one of our most critical challenges: equipping enough students to succeed in college education to power future societal economic prosperity, at a cost individual students and our...

This course is offered by the Canadian Foundation for Economic Education, a non-profit organization that works to improve economic, financial, and enterprising capability. This financial literacy course for general audiences covers a range of topics: money basics and the economy, setting goals and...

The Ontario Securities Commission (OSC) published the results of a survey assessing Canadian investors’ financial literacy. As individuals take on more responsibility for their own investing, it is essential that they have enough financial knowledge to effectively participate in Canada’s...

Against the backdrop of decreasing savings and increasing debt, a recent Investor Education Fund survey explored the consequences of inaction and a household savings crisis, 20 years in the making. Uses data from 2012, publication date...

In 2014, with funding from the Citi Foundation, the CFE Fund launched Summer Jobs Connect (SJC) to directly fund 1,850 jobs for low- and moderate-income youth and help five cities integrate financial education and access to mainstream financial products into municipal Summer Youth Employment...

The forced transition from in-person to online activities as a result of the COVID-19 pandemic has had a profound impact on how families and communities buy groceries, acquire medical care, and utilize social services. This rapid shift has raised important questions about how to address access and...

The 2019 Financial Literacy Annual Report of the Consumer Financial Protection Bureau highlights the Bureau’s Start Small, Save Up campaign, the Office of Financial Education’s foundational research, in conjunction with the Office of Older Americans, to understand the pathways to financial...

This webinar series released by the Global Financial Literacy Excellence Center (GFLEC) features speakers from the public, private, and academic sectors. Past and upcoming webinar topics include: Navigating Retirement Security Through a Pandemic Financial Literacy and Wellness Among...