Financial literacy education is one of the new program elements required under WIOA. For this reason, we have chosen to provide technical assistance consisting of short webcasts on this topic. Early USDOL efforts to implement WIOA included a collaborative initiative with the Consumer Financial Protection Board (CFPB) and the National League of Cities.
The interagency pilot, Youth Employment Success (YES), provided technical assistance to municipalities and workforce development boards on integration of financial literacy into youth programs.
Nashville, Tennessee, one of the YES sites, provides financial literacy to youth connected to employment through its Opportunity NOW portal. The webcast Financial Literacy in Nashville highlights the financial literacy work in the local area and how the workforce development board partners with key intermediaries such as knowledgeBANK and America Saves for Young Workers. “Innovative” technology approaches to delivering financial education in Nashville include livestreaming of workshop content, video and text messaging to reinforce topics, and mobile application access to support resources.