Financial Education Resources
Alerts & Announcements:
- President Obama signed the Worker, Homeownership and Business Assistance Act of 2009 into law on November 6, 2009. It provides for additional weeks of unemployment assistance in every state (the number of weeks varies by state). Check out the new number of available weeks in your state plus a great FAQ on the new law.
Articles, Reports & Studies:
- Why It's Time to Retire the 401(k), Time Magazine, November 2009
Impact of Financial Education Programs:
- FDIC study of its Money Smart program: a study demonstrating the impact of financial education
- Literature Review on the Effectiveness of Financial Education (Federal Reserve Bank of Richmond, 2007)
- Do Financial Education Programs Work? (Cleveland Federal Reserve Working Paper, 2008)
Financial Empowerment Resources
- Asset Coalition Toolkit for States (ACTS)
Contains tools and resources that leverage information sharing among state coalitions in the asset-building field. Asset-building is an anti-poverty strategy that advances economic opportunity by facilitating the development of personal and financial assets for low-income individuals and families. ACTS provides a forum for coalitions to share information on best practices and recent innovations in teh asset-building field. Coalitions can use the resources on the ACTS website as a guide for forming and managing a state coalition and advocating for policy changes on the federal and state level. Materials on the ACTS website include: coalition administration and management tools; policy and advocacy resources; links to other state and local asset coalitions; a list of experts, funders and policy partners in teh asset-building field; an ongoing opportunity to participate in the development of ACTS through document submissions and coalition updates; an online assessment guide to direct coalitions to documents specific to their needs; and recent news concerning important asset policies and legislation.
- Association of Enterprise Opportunity (AEO)
AEO and its partners have developed several microenterprise fact sheets that can help your coalition promote microenterprise development to key populations, supporters and partners. Topics include program design, business capital, training and technical assistance, sources of public funding, outcomes for clients, rural microenterprise, and domestic violence and microenterprise development.
- National Women's Law Center (NWLC) Fact Sheet: Family Tax Credits in the American Recovery and Reinvestment Act of 2009
- Provisions in the American Recovery and Reinvestment Act (ARRA) provide new tax benefits for most working families. Find out more about tax credits such as: Making Work Pay Credit, Child Tax Credit, Earn Income Tax Credit, American Opportunity Tax Credit and First-Time Home Buyer Credit at NWLC's website.
- Additionally, details about key provisions of the American Recovery and Reinvestment Act are also available.
- You can now get the Moving Ahead Through Financial Management curriculum at www.clicktoempower.org. This curriculum is specifically designed to help survivors of domestic violence move from safety to long-term security. The materials are downloadable and available free of cost.
- MyMoney.gov provides federal government resources and information on the basics of financial education. "Whether you are planning to buy a home, balancing your checkbook, or investing in your 401k, the resoruces on MyMoney.gov can hlep you do it better. Throughout the site, you will find important information from 20 federal agencies government-wide." Also, the MyMoney.gov Tool & Resources section offers links to a variety of online calculators and financial education grant opportunities.
- The Federal Trade Commission (FTC), the nation's consumer protection agency, created the Money Matters website to help consumers tackle money issues head-on. On their website, you'll find quick tips and resources on money matters.