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CFPB Issues Financial Literacy Annual Report

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) issued its Financial Literacy Annual Report for fiscal year 2019.

The Bureau delivered its digital and print resources to more than 12 million consumers in fiscal year 2019.  Promoting savings has also been a key part of the agency’s work. The Bureau launched Start Small, Save Up, an initiative to encourage the public to save and be better prepared for emergencies or unplanned expenditures. As part of the initiative, the Bureau launched a Savings Boot Camp, a multi-week email course to guide people through the fundamentals of savings.

The Dodd-Frank Act requires the Bureau to report on its work to provide consumers with information to make informed decisions about financial products.

To read the Financial Literacy Annual Report please click here: https://files.consumerfinance.gov/f/documents/bcfp_financial-literacy_annual-report_2019.pdf

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The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations, by making rules more effective, by consistently enforcing federal consumer financial law, and by empowering consumers to take more control over their economic lives. For more information, visit consumerfinance.gov.