Financial Literacy and Education Commission Public Meeting October 6, 2020
Financial Literacy and Education Commission (FLEC) National Strategy for Financial Literacy 2020 https://home.treasury.gov/system/files/136/US-National-Strategy-Financial-Literacy-2020.pdf
Best Practices for Financial Education • know the individuals and families to be served • provide actionable, relevant, and timely information • improve key financial skills • build on motivation • make it easy to make good decisions and follow through • raise standards for financial educators • provide ongoing support, such as one-on-one financial counseling • evaluate for impact
FLEC Priority Working Groups (Working Group Lead) • basic financial capability (CFPB) • housing counseling (HUD) • retirement saving and investor education (DOL) • postsecondary education (ED) • military (DOD)
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