Federal Reserve: FEDS | On Intergenerational Immobility – Evidence that Adult Credit Health Reflects the Childhood Environment
March 2017 (Revised November 2017) On Intergenerational Immobility: Evidence that Adult Credit Health Reflects the Childhood Environment (PDF) Sarena Goodman, Alice Henriques, and Alvaro Mezza Abstract: Using a novel dataset that links socioeconomic background to future credit, postsecondary education, and federal student loan and grant records, we document that, even though it is not and…
CFPB: Be Money Smart
As part of Financial Literacy Month in April, CFPB supports Money Smart Week (April 21–28, 2018) as a way to help you be smart about money. Lots of free financial education classes and seminars are held by local and regional organizations throughout the United States for consumers like you to attend. The topics of these…
CFPB: A Five-Step Spending Plan to Avoid Holiday Debt
The holidays can put a financial burden even on the savviest of shoppers and savers. But like most things, taking time to plan can help you avoid the stress that comes with overspending. Before you hit the mall or shop for Black Friday deals, keep reading to learn how to make a holiday spending plan…
ABA: National Judges Set to Select 2017-2018 Lights, Camera, Save! Winners
Teen Video Contest Accepting Entries through Dec. 1 WASHINGTON – The American Bankers Association Foundation has announced its Lights, Camera, Save! national judging panel, along with the list of 157 participating banks, who will hold 173 contests in 45 states through Dec. 1. Contest winners will be announced during America Saves Week 2018. The Lights,…
CFPB: Sixty-one Organizations Join the 2018 “Your Money, Your Goals” Cohort
We’re working to expand the reach of Your Money, Your Goals to more people across the country with the help of our new 2018 Your Money, Your Goals cohort organizations. In September, we invited organizations to submit applications to participate in our 2018 Your Money, Your Goals cohort. After reviewing the applications, we’ve selected 61…
ABA: Bankers Celebrate Get Smart about Credit Day, Promote Financial Literacy
Bankers visit classrooms across the country on Oct. 19 to teach credit education Bankers across the country are celebrating the American Bankers Association Foundation’s Get Smart About Credit Day on Oct. 19 by visiting high school classrooms to teach teens how to use credit effectively. Get Smart About Credit Day, celebrated annually on the third…
FDIC: Webinar To Highlight Spanish-Language Financial Education Resources
In recognition of Hispanic Heritage Month, the Federal Deposit Insurance Corporation (FDIC) invites organizations that serve the U.S. Spanish-speaking population and members of their communities to participate in an upcoming webinar that will highlight the agency’s Spanish-language consumer resources. The webinar will be conducted in Spanish and is scheduled for October 12, from 3:00 p.m….
ABA: Foundation Honors Six Banks with Community Commitment Awards
Categories range from affordable housing to community and economic development WASHINGTON — Six banks have been recognized as leaders in corporate social responsibility with an American Bankers Association Foundation Community Commitment Award. The awards were given to banks for their efforts in categories ranging from affordable housing to economic inclusion. Winners will be presented…
CFPB: What To See Where You Stand Financially? Start With These 10 Questions
In 10 questions, the CFPB’s interactive Financial Well-Being questionnaire shows you a score that can help you assess your financial situation. By Janneke Ratcliffe When it comes to money, there are lots of numbers to tell you how you’re doing, like how much you have in the bank, your credit score, or the number…