The webinar shares strategies and practitioners’ tips on how financial educators can put the principles into practice. 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 aimed at adults:
- Know the individuals and families to be served
- Provide actionable, relevant and timely information
- Improve key financial skills
- Build on motivation
- Make it easy to make good decisions and follow through
The five principles build on research-based insights about how people make financial decisions, on feedback from financial education practitioners, and on what the CFPB has learned about consumers’ own experiences in the financial marketplace.