Employment

Building Financial Capability: A Planning Guide for Integrated Services is designed for community-based organizations interested in integrating financial capability services into existing programs (e.g. housing, job training, or Head Start). The interactive tools in the guide walk organizations step-by-step through the process of developing an integration plan, beginning with developing a deeper understanding of clients’ financial circumstances and which financial capability services can help them improve their situations.

This guide provides information to financial institutions on how they can enhance youth financial capability by partnering with youth employment programs. It maps out how and why financial institutions can engage with these programs and highlights best practices in the Workforce Innovation and Opportunity Act (WIOA) by local communities.

This resource guide is for youth employment programs that are interested in enhancing financial capability1 and building partnerships with financial institutions. It maps out how and why such partnerships can help young people2 achieve greater financial well-being and employment success.

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.

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.

Learn how your Social Security benefits may be reduced if you get a pension based on work where you did not pay Social Security taxes.

Find out how working after beginning to receive retirement benefits can lead to increases or decreases in benefits.

Find out how your Social Security benefits could be affected if you’re eligible for a pension from work not covered by Social Security.