Tools for Survival: An Analysis of Financial Literacy Programs for Lower-Income Families

Summary

The document provides an overview of why financial literacy is important and how low financial literacy can negatively impact a family. It describes the various financial literacy efforts offered and details how these programs could be accessed by persons with a low-income. The report includes nine recommendations on how more people could obtain financial literacy training.

Table of Contents

• Executive Summary
• Part I: Introduction
• Part II: Paths to Financial Literacy
• Part III: Recommendations
• Appendix: National Resources for Local Financial Literacy Programs

Key Takeaway

Limited Financial Literacy Programs

While a range of financial literacy offerings exist, they have many shortcomings for low-income families. These shortcomings include limited content, small number served, lack of focus on issues relevant to low-income families and the ways in which financial literacy resources are identified and accessed.