Where and when during childhood and adolescence do people acquire the foundations of financial capability? The Consumer Financial Protection Bureau (CFPB) researched the childhood origins of financial capability and well-being to identify those roots and to find promising practices and strategies to support their development. Our new report, “Building Blocks to Help Youth Achieve Financial Capability: A New Model and Recommendations,” illuminates critical attributes, abilities, and opportunities acquired during the years spanning preschool through young adulthood that support the development…
Training Materials, Book
The Money Habitudes Teen Guide is designed for those using Money Habitudes for Teens and covering money-related issues. The cards help teens discover the hidden messages that motivate the way they make money decisions. The guide provides educators, youth leaders and counselors five lesson plans which can each be used as five stand-alone lesson plans or combined for a more in-depth program of five classes or a half-day program. They can be used in-conjunction with programs in financial literacy, life skills, psychology or business to help teens develop a healthier relationship with money.…
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Journal Article According to Sheldon Danziger and David Ratner, changes in the labor market over the past thirty-five years, such as labor-saving technological changes, increased globalization, declining unionization, and the failure of the minimum wage to keep up with inflation, have made it more difficult for young adults to attain the economic stability and self-sufficiency that are important markers of the transition to adulthood. Young men with no more than a high school degree have difficulty earning enough to support a family. Even though young women have achieved gains in earnings, employment, and…
