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
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
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
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.
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
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.
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
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.
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 firstname.lastname@example.org 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 13th 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. Research Needs
Research needed to support collaboration:
Comments on this brief centered on several themes: social networks for individuals and couples; financial advice; the focus on credit; institutional support for relationships and finances, and most generally, the goal of the brief.
Marriage Education, Financial Literacy, and Asset Development Roundtable Meeting Summary. Foundations for Strong Families: Stable Relationships and Families 201
The second brief in the series builds on the complementary features of marriage education and financial education presented in the previous brief. Entitled, “Foundations for Strong Couples: Healthy Relationships and Financial Stability 201,” the brief highlights a specific topic on which the marriage education and financial education fields ca
The feedback on Brief 1 began with general comments about the framing of the documents. Some participants were concerned that the briefs be realistic and accept possibilities like living with debt indefinitely. Additionally, participants agreed it would be helpful to include a resource document.
Marriage Education, Financial Literacy, and Asset Development Roundtable Meeting Summary. Foundations for Strong Families: Stable Relationships and Families 101
In the first brief in a series of two, the focus is on the building blocks or skills that are taught by both marriage and financial educators to help low-income families move toward stability. Opportunities are highlighted for beginning conversations between the marriage and family-strengthening initiatives and the financial literacy and asset-bui