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Treasury Department’s two-year pilot evaluated the impact of classroom financial education and access to a school bank or credit union on the financial knowledge, financial attitudes, and use of financial institutions among elementary school students at two sites.
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Learning from the FDIC Youth Savings Pilot Webinar Presentation - PDF.įinancial Education and Account Access among Elementary Students: Findings from the Assessing Financial Capability Outcomes Pilot. This interactive guide that helps organizations, cities, counties and states design successful Children’s Savings Account (CSA) programs.
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Investing in Dreams: A blueprint for designing children’s savings account programs - PDF (). This Office of the Comptroller of the Currency Insights report discusses how school-based bank savings programs operate and provides an overview of several key considerations for banks participating in these programs. School-Based Bank Savings Programs: Bringing Financial Education to Students - PDF (occ.gov). This resource from the Financial Literacy and Education Commission contains practical resources relevant to banks, nonprofits, and schools for youth savings programs. Hands-On Learning to Build Financial Habits: Federal Resources to Encourage School-Based and Youth Savings Programs - PDF (). This letter encourages FDIC-supervised institutions to work with schools to promote financial education, including school-based savings programs. This Conference of State Bank Supervisors resource offers insights on relevant state laws and resources.įinancial Institution Letter: Financial Institutions Encouraged to Work with Schools to Promote Youth Financial Education. Statutory Requirements for Opening Bank Accounts for Minors by State (). It also addresses frequently asked questions that may arise as financial institutions collaborate with schools, local and state governments, nonprofits, or corporate entities to facilitate youth savings and financial education programs.
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The guidance is intended to encourage financial institutions to develop and implement programs to expand the financial capability of youth and build opportunities for financial inclusion for more families. Interagency Guidance to Encourage Financial Institutions’ Youth Savings Programs and Address Related Frequently Asked Questions. The guide’s framework for advancing K–12 financial education has three main sections: laying the groundwork, building the initiative, and extending the impact. While the guide is targeted at policymakers, it is designed to benefit all members of the financial education community. This Consumer Financial Protection Bureau (CFPB) resource guide helps connect policymakers with tools, information, and insights to enhance K–12 financial education efforts. This site offers activities and conversation starters to help children develop money skills, habits, and attitudes that can serve them well as adults.Īdvancing K–12 financial education: A guide for policymakers (). This site can direct readers to financial education resources offered by more than 20 federal agencies. This site offers teachers resources from the FDIC and CFPB to help teach children from pre-K through age 20 about money or other financial topics. The FDIC’s Money Smart financial education program is a resource to help young people and their parents/caregivers learn more about money. A checklist, which aligns to the roadmap - PDF, can be used to support internal planning.
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Key Elements of Your Youth Savings Program - PDF. Talking points schools can use to build interest in developing a youth savings program. Talking points bankers can use to build interest in developing a youth savings program.īuilding a Youth Savings Program – Schools - WORD. Templatesīuilding a Youth Savings Program – Banks - WORD. This Conference of State Bank Supervisors resource offers insights on relevant state laws and resources.
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Learn more about free age-appropriate Money Smart for Young People tools for youth and their family in grades Pre-K through 12. Popular ResourcesĬreating Youth Savings Programs in Your Community: A Road Map for Banks, Schools, and Nonprofits - PDF Find additional materials and tools that can help banks and their partners start, cultivate, and expand youth savings programs with schools and non-profit organizations.
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