Financial literacy education is one of the 14 program elements for the WIOA youth program. Financial literacy education refers to activities that provide youth with the knowledge and skills that they need to achieve long-term financial stability.

Financial literacy education encompasses information and activities on a range of topics, such as creating budgets; setting up checking and saving accounts; managing spending, credit, and debt; understanding credit reports and credit scores; and protecting against identify theft.

Check out the resources below for information and ideas on providing financial literacy education to youth.

Curricula and Other Educational Materials

• FDIC: Money Smart for Young People

• Your Money, Your Goals: A Financial Empowerment Toolkit for Workers

• Bank of America's Student Financial Handbook

Research and Reports  

•  PISA 2012 Results: Students and Money (Volume VI)Financial Literacy Skills for the 21st Century

• Resource Guide for Youth Employment Programs

• Journal of Consumer Affairs - Volume 49, Issue 1 - Special Issue on Starting Early for Financial Success  

• Impact of the America Saves Program on Low Income Youth Workers

• Boosting the Power of Youth Paychecks: Integrating Financial Capability into Youth Employment Programs

Tools

• Building Financial Capability in Workforce Programs

• CSBC Statutory Requirements for Opening Bank Accounts for Minors by State

• MyMoney.gov

 Financial Calculators

• Financial Goal Calculator

• Compound Interest Calculator

• Debt Payoff Calculator
  

Consumer Financial Protection Bureau (CFPB) Publications

• Checklist for Opening a Bank or Credit Union Account

• Keep a Lid on Checking Account Fees

• Checking your Credit Report

• Understand your Credit Score

• Choosing your Student Loan

• Ways to Receive your Money

• How to Spot Frauds and Scams

• CFPB Bulk Publication Orders

• What the FICA?
  
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