Title: Principles for Effective Financial Education
Friday, November 17th, 2017
Based on research on financial well-being, the CFPB has distilled a set of five principles that can be put into practice through financial education to help consumers take financial action and move toward financial well-being. The principles build on research-based insights about how people make financial decisions, on feedback from financial education practitioners, and on what we have learned about consumers' own experiences in the financial marketplace. This session will discuss the principles along with tested and promising strategies that financial counselors can use to put the principles into practice. The session will also briefly describe results from CFPB's national survey on financial well-being.