Unplanned Events

Following a rigorous research effort to develop a consumer-driven definition of financial well-being, the CFPB developed and tested a set of questions–a “scale”–to measure financial well-being. The scale is designed to allow practitioners and researchers to accurately and consistently quantify, and therefore observe, something that is not directly observable–the extent to which someone’s financial situation and the financial capability that they have developed provide them with security and freedom of choice.

Kids learn important money lessons from watching you earn, spend, save, and borrow. The CFPB and the FDIC are working together to help better prepare America’s young people to make financial decisions to achieve their own goals, throughout the stages of their lives. Start with the links below to explore age-appropriate information and activities for your kids.

To equip assisted living and nursing facility staff with the know-how to prevent and spot the warning signs of elder financial abuse, the Consumer Financial Protection Bureau released a guide to protecting residents from financial exploitation.

Social Security disability is a social insurance program, under which workers earn coverage for benefits by working and paying Social Security taxes on their earnings. The program provides benefits to disabled workers and to their dependents. For those who can no longer work due to a disability, our disability program is there to replace some of their lost income.

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.

If you have higher income, find out why you will pay an additional premium amount for Medicare Part Be and Medicare prescription drug coverage.

Learn about Medicare hospital and medical insurance, who is covered, and how to apply.

Many workers aren't aware of the laws that protect their health benefits. This Department of Labor Employee Benefits Security Administration video provides information for workers about their health care rights. The video also has links to additional information to help workers take full advantage of their employer-sponsored benefits.

This publication helps you manage your money so you can afford today’s needs while funding tomorrow’s goals. This publication shows how saving for retirement can be part of your overall financial plan. Worksheets will help workers at any stage of their career manage their financial life, including identifying short and long term goals, calculating net worth, building a budget, tracking debt and determining a target retirement saving rate.Available in English and Spanish.