CFPB – Financial literacy annual report

by Sabrina I. Pacifici on July 19, 2013

“Improving financial literacy requires more than simply providing consumers with more information. Being able to manage one’s financial life and make the financial decisions that will serve one’s life goals requires a combination of knowledge, skills, and action. For that reason, we’re pursuing a strategy that focuses on identifying how, where, when, and through whom we can provide assistance to consumers for maximum benefit. We’re focusing on assisting consumers with the financial aspects of big life decisions, such as going to college, retiring, or buying a home; and on smaller decisions that can have big life consequences, such as starting a habit of savings, managing debt, and passing along financial life skills to one’s children. We’ve undertaken a broad array of education initiatives in the last two years to implement our financial literacy strategy. This report highlights some of these initiatives.” Read the report here

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