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Assess development of the building blocks of financial capability

CFPB has resources for assessing young people’s progress toward achievement of the financial capability milestones.

To help young people develop the building blocks of financial capability, it’s important to gauge what they know, understand, and can do.

To support this effort, we have designed a series of assessment tools informed by the CFPB’s measurement guide. These tools assess the attitudes, skills, and habits a young person has by measuring their development of three interconnected building blocks of financial capability: executive function, financial habits and norms, and financial knowledge and decision-making skills. You can use this information to measure childrens’ progress and inform classroom teaching.

Youth financial capability survey

Identifying young people’s emerging financial capability at a specific moment in time gives a picture of what developmental milestones have been achieved. In addition, it can show progress over time. To better understand what goes into their overall financial capability score, youth can be given information about their areas for growth as well as their areas of strength. They can use this information to reflect on what they might do to improve their financial capability.

Students can take the survey online, or you can administer a PDF version in the classroom. Go to the Map your money journey page to see the online surveys for all grade levels or access grade-level specific materials below.

General assessment tools for educators

To help you measure and track children’s development of the building blocks of financial capability, CFPB designed these easy to use measurement tools. Developmental milestones are things most children can do by a certain age.

Observation checklist

This checklist will help you collect individual and class data by observing students’ demonstration of the milestones of financial capability.

Developmental milestones chart

Measure your students’ knowledge and skills development according to established financial capability milestones.