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Consumer Financial Protection Bureau consumerfinance.gov

CFPB Proud to Support the National Strategy for Financial Literacy

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Washington, D.C. – As a member agency of the Financial Literacy and Education Commission (FLEC), the Consumer Financial Protection Bureau (CFPB) is proud to support the new National Strategy for Financial Literacy to guide nationwide actions on building youth financial competency, developing good saving and investing habits, improving Americans’ knowledge of digital financial literacy, and learning how to avoid fraud and scams.

The CFPB has developed evidence-based financial education resources to help Americans increase their financial well-being. The CFPB’s youth financial education strategy is a research-based framework that outlines when and how children and youth acquire the knowledge, skills, and behaviors associated with adult financial well-being. The framework supports improving executive functioning skills, creating and encouraging positive financial habits, and building financial knowledge and decision-making skills, which are the three building blocks children develop in youth.

The National Strategy for Financial Literacy establishes four priority areas for the FLEC:

  • Youth Financial Capability: Build a foundation of basic financial skills starting in childhood and young adulthood to improve financial outcomes for the next generation of Americans.
  • Saving and Investing: Increase Americans’ knowledge of saving and investing to build financial
    security and achieve their financial goals, including by promoting awareness of new savings and investment vehicles such as Trump Accounts for children.
  • Digital Financial Literacy: Improve Americans’ knowledge and decision-making skills to enable
    the safe and confident use of digital financial products and services.
  • Scams and Fraud Education: Equip consumers with the knowledge to recognize and avoid scams and fraud and the tools to mitigate the impact of potential losses.

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    October 02, 2026 15:00
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