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…
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Journal Article Father involvement is a salient predictor of children’s cognitive development and recent studies suggest that African American and Hispanic fathers, who are highly involved, have children who enter school more poised to succeed. Little is known, however, about contextual barriers to positive father involvement in ethnic minority families. This study examined prospective relations between fathers’ work characteristics (i.e., total work hours per week, job satisfaction, and work shift) and children’s cognitive development in preschool (i.e., reading and math scores). A total of 2,340 children…
New economic realities have focused attention on how to best design workforce development strategies to help low-wage and low-skill workers succeed. Lack of child care is one important barrier that can make it difficult for low-income parents to successfully participate in education and training programs. This report provides an overview of the child care and workforce development systems, and discusses the issues that lie at the intersection of these two worlds. It concludes with a description of next steps for policymakers and practitioners in each domain, and important questions that still…
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Journal Article Two-generation programs provide education and training services for parents while their children attend early childhood education programs. This study examines the rates of persistence and certification of parents in one of the only two-generation interventions in the country under study, CareerAdvance®, which offers training in the healthcare sector to parents while their children attend Head Start (n = 92). Results indicate that 16 months after enrolling in CareerAdvance®, 76% of participants attained at least one workforce-applicable certificate of the program and 59% were still in the…
This report discusses the challenges faced by low-income families and highlights the two-generation approach that aims to create opportunities for families by simultaneously equipping parents and kids with the tools they need to thrive while removing the obstacles in their way. The three components of the two-generation strategy are explained and include: provide parents with multiple pathways to get family-supporting jobs and achieve financial stability; ensure access to high-quality early childhood education and enriching elementary school experiences; and equip parents to better support…
