2015 Financial literacy annual report
Empowering people to take more control over their economic lives is essential to our mission. That’s why we’ve made financial education a critical component of our work. Our financial education strategy focuses on providing information and tools to help consumers navigate financial choices, and integrating financial capability training into other programs and services where consumers may be seeking assistance. We want all consumers to be able to make decisions that support their own life goals and help them achieve financial well-being.
We’re focusing on assisting consumers with the financial aspects of big life decisions, such as going to college or buying a home; and on smaller decisions that can have big life consequences, such as starting a habit of savings, managing debt, and passing along financial life skills to one’s children. We also undertake efforts tailored to the needs of specific populations, such as servicemembers, students, older Americans, and consumers who have low incomes or are economically vulnerable. The report highlights some of these efforts.