Asset Building/Financial Literacy

Foundations for Strong Families 201. Talking about Money and Credit in Relationships

Many Americans frequently see or hear about how credit can increase family funds or solve money problems, whether by opening a new credit card through an application received in the mail or in advertisements about how people who have credit troubles can access new lines of credit. While talking about credit has become an everyday phenomenon in the

Foundations for Strong Families 201. Introduction

Changes in the housing and credit markets during the past year have led to increased recognition that developing comprehensive family-based money and credit strategies is critical in the short-term to weather financial storms, but also for long-term financial health of the children. Financial stability strongly interacts with family relationships.

Foundations for Strong Families 201

This is the second of two briefs that examine the interplay between education and skills-building programming for lower income individuals and families in the areas of marriage and relationships, financial literacy, and asset development. It explores how communication, marriage and divorce, money management, credit and debt, children and child s

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Foundations for Strong Families 101. Endnotes

1 . Jenkins, N., Stanley, S.M., Bailey, W.C., & Markman, H.J. (2002). You Paid How Much for That?: How to Win at Money Without Losing at Love . San Francisco, CA: Jossey-Bass. 2 . Dynamics of Economic Well-Being: Movements in the U.S. Income Distribution, 1996-1999. U.S. Census Bureau. Current Population Reports, Household

Foundations for Strong Families 101. Conclusion

This brief was intended to demystify financial education and marriage and relationship skills education for educators who may be more familiar with one area than another. A second objective was to highlight the common ground between financial and marriage educators in terms of increasing family stability for low-income families. Specific practices

Foundations for Strong Families 101. Take Home Lessons

Joining expertise through collaboration can sometimes be as simple as getting family and financial practitioners together to come up with a top-10 list that communicates the joint message about healthy families and finances (Figure 6.) For example, programs can choose healthy financial practices that are relevant to the population they serve or ad

Foundations for Strong Families 101. Existing Collaborative Efforts

Current marriage and financial stability efforts have been developed at the community level by providers who are often located within the same social service agency, focus on the importance of family stability, and have developed referral networks with outside agencies that could be strengthened through dialogue. A number of community-based organi

Foundations for Strong Families 101. Shared Goals of Financial Education and Marriage Education

Financial and marriage educators share the following goals for their participants in their work with couples and families, but have different tools at their disposal for attaining these goals (see Figure 5).

Foundations for Strong Families 101. Making the Case: Common Ground between the Marriage and Financial Fields

Research suggests that those that have healthy and stable relationships are more likely to have healthy stable finances and vice versa. Stability in one area seems to reinforce stability in the other, and familial and financial stability share a common foundation.

Foundations for Strong Families 101. Federal Programs Across the U.S.

Federally funded healthy marriage, relationship skills, fatherhood, and asset building programs are located across the United States. The map below displays all of the healthy marriage and family-strengthening programs that have Healthy Marriage or Responsible Fatherhood grants (purple triangles) as well as the Assets for Independence (AFI) grante

Foundations for Strong Families 101. Asset Building

While financial education is focused on knowledge and skill development, asset building goes further, seeking to build wealth for low-income and economically vulnerable individuals and families. While these two areas can and do intersect, as with asset building programs that include financial education requirements, they are separate fields.

Foundations for Strong Families 101. Financial Education

Financial education programs seek to equip individuals with the information, knowledge, and skills to manage their household finances and navigate the financial services marketplace. Financial literacy skills taught in these programs include money management, goal setting, budgeting, and retirement planning. Investment and savings, bank products a

Foundations for Strong Families 101. What Do Financial Education and Asset Building Programs Do?

Foundations for Strong Families 101. What Do Marriage and Family Strengthening Programs Do?

Marriage and family-strengthening programs seek to develop participants’ relationship skills (e.g. communication, problem solving) in order to develop and sustain healthy relationships, marriages and families.

Foundations for Strong Families 101. Introduction

Family and finances are key sources of strength and self-sufficiency that interact in the lives of most Americans. However, many face ongoing problems and stress because of family and financial instability, especially in these uncertain times. Families in low-income communities may face greater difficulties in accessing resources to build strong f

Marriage Education, Financial Literacy, and Asset Development Roundtable Meeting Summary. Appendix C Marriage Education, Financial Literacy and Asset Development Small Group Discussion Questions

10:00 am – 10:30 am: Small Group Discussion Objectives : Identify field and research experience in the 3 fields, knowledge gaps, and current collaborations. Discussion Questions

Marriage Education, Financial Literacy, and Asset Development Roundtable Meeting Summary. Appendix B Marriage Education, Financial Literacy and Asset Development Roundtable Participant List and Contact Information

Name Organization Contact Information Rebecca Blank Brookings Institution 1775 Massachusetts Ave., NW Washington, DC 20036 (202) 797-6299 rblank@brookings.edu Robyn Cenizal Jacksonville Network for Strengthening Families

Marriage Education, Financial Literacy, and Asset Development Roundtable Meeting Summary. Appendix A Agenda for the Marriage Education, Financial Literacy, and Asset Development Roundtable

Tuesday, February 5, 2008

701 13^th Street N.W., Suite 750

Washington, DC 20005

Hosted by the U.S. Department of Health and Human Services Office of the Assistant Secretary for Planning and Evaluation and RTI International

8:30 am to 9:00 am	Registration
9:15 am to 9:30 am	Introduction of participants
9:30 am to 10:00 am	Overview of the project
10:00 am to 10:30 am	Small group discussions

Marriage Education, Financial Literacy, and Asset Development Roundtable Meeting Summary. Next Steps

Potential Next Steps

Marriage Education, Financial Literacy, and Asset Development Roundtable Meeting Summary. Research Needs

Research needed to support collaboration:

Content by Keyword: Asset Building/Financial Literacy