MyMoney Resources - Teacher

Under the Commodity Exchange Act (CEA), the U.S. Commodity Futures Trading Commission (CFTC) is responsible for performing outreach activities "designed to help customers protect themselves from fraud and other violations of the CEA." As part of this effort, the CFTC developed and tested a series of messages targeting investors who are prime targets for investor fraud. Focus groups were conducted and an online survey was distributed to test the messages. Findings from both phases of this research will be used to develop messages, tone, and imagery for the CFTC's anti-fraud outreach efforts.

With support from the U.S. Department of the Treasury, Corporation for Enterprise Development (CFED), the Center for Financial Security at the University of Wisconsin-Madison (CFS) and the New York City Department  of Consumer Affairs Office of Financial Empowerment (OFE) partnered on a pilot program to test the effect of  pairing of financial access and an average of one to two hours of financial counseling on the financial capability of a population transitioning off of public benefits in New York City

Money Smart for Older Adults (MSOA) is an instructor-led training developed jointly by FDIC and CFPB.  The module provides awareness among older adults and their caregivers on how to prevent elder financial exploitation and to encourage advance planning and informed financial decision-making.

High-level examination of financial capability in America

High-level examination of financial capability in the U.S. Military

Money Smart for Older Adults (MSOA) is stand-alone instructor-led training module developed by Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau (CFPB) which provides awareness among older adults and caregivers on how to prevent elder financial exploitation and to encourage advance planning and informed financial decision-making. The following seven topics are covered: Common Types of Elder Financial Exploitation, Scams Targeting Veterans, Identity Theft, Medical Identity Theft, Scams that Target Homeowners, Planning for Unexpected Life Events, How to Be Financially Prepared for Disasters. The curriculum is available free of charge; orders can be placed online.

The official benefits website of the U.S. government informs citizens of benefits they may be eligible for and provides information on how to apply for assistance. Find more than 1,000 Federal and state benefits including housing, food/nutrition, education, grants/loans, disaster relief and Medicare/Medicaid.

FindYouthInfo.gov is the U.S. government Web site that helps you create, maintain, and strengthen effective youth programs. Included are youth facts, funding information, and tools to help you assess community assets, generate maps of local and federal resources, search for evidence-based youth programs, and keep up-to-date on the latest, youth-related news.

The Make Your Path (MY Path) initiative provides disadvantaged youth with peer-led financial capability trainings, a savings account at a mainstream financial institution and incentives to set and meet savings goals. The program focuses on youth earning their first paycheck—a critical “teachable moment” to promote savings and connect youth with mainstream financial products. In 2011-12, Mission SF Community Financial Center (Mission SF) tested MY Path by delivering its suite of services to ten agencies participating in San Francisco’s largest youth employment program, the Mayor’s Youth Employment and Education Program (MYEEP). Participants saved an average of $507 over a six-month period and youth demonstrated increases in financial knowledge, reports of positive financial behaviors, and confidence about making financial decisions and doing business with a mainstream financial institution.

Minority groups, particularly Hispanics and Blacks, are less likely to use formal financial advice compared to their White counterparts and have lower levels of financial literacy on average. This gap in literacy may have important implications for savings, investing, and retirement planning. To better reach these groups and improve financial literacy, the literature recommends making access to financial education easier, targeting the education to the population, and delivering it through preferred methods. Although they have not been thoroughly evaluated for effectiveness, this chapter provides an overview of several promising, real-world financial education initiatives targeted toward minority populations.