Federal Reserve Bank of San Francisco

Community Development

Community Investments Vol 21, Issue 2
Learning and Growing: Lessons Learned in Financial Education

Author(s):

Summer 2009

Community Investments

Financial security is an important concern for many Americans, and promoting financial capability is a necessary part of strengthening the safety net for all Americans. Given the current economic climate, the mission of financial education has never been more critical. In this era of volatile financial markets, labor market uncertainty, rising debt, and insufficient savings, the ability to manage one’s personal finances is becoming increasingly important. At NEFE, we believe that by building strong partnerships and working together toward the common goal of improving financial literacy for all Americans, we can reach individuals with the positive message that they have the ability to take charge of their financial well-being. We see this as more than financial education; rather, increasing an individual’s financial capability involves expanding knowledge, awareness, positive behavior change and action throughout one’s lifespan.

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