CFPB Launches Nationwide Financial Education Effort

The CFPB announced that it is launching a nationwide effort to advance financial education in schools. The initiative, which is targeted at policymakers, provides a guide containing strategies for further development and implementation of financial education in states. The guide, titled “Advancing K-12 Financial Education: A Guide for Policymakers,” has three main sections:

• Laying the groundwork, designed to help policymakers make the case for K-12 financial education, set a strategy for initiatives, define the structure for initiatives, foster partnerships and secure resources;
• Building the initiative, focusing on key components of K-12 financial education including standards and requirements, classroom resources, teacher training and initiative evaluations; and
• Extending the impact, containing guidance on how to carry out and expand K-12 financial education initiatives, including information on the resources to support the advancement and recognition of efforts and improve and scale existing initiatives.

Read the guide.