Financial coaching can help families and individuals regain their financial footing by helping them learn how to navigate our financial system more successfully and build habits that lead to financial security. This is a vital component to getting families back on track.
Financial coaching is a promising strategy to help households improve their long-term financial well-being.Low- to moderate-income (LMI) individuals and families face multiple economic barriers that prevent them from achieving financial stability. Many of these barriers go beyond income but rather are due to a lack of access and experience with the United States’ complex financial services industry.