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Money Monster - Character in CFPB's Financial Literacy Curriculum for Kids CFPB Financial Education Project Launch in Chicago, Illinois, 2014 U.S. Consumer Financial Protection Bureau (CFPB). The CFPB is a US agency that offers a variety of financial education resources and tools aimed at empowering consumers.
There is a diversity of definitions used by bodies such as NGOs and think tanks, but in its broadest sense, financial literacy is an understanding of money. [8] Some of the definitions below are closely aligned with "skills and knowledge", whereas others take broader views, and some are from academic research which is tested and validated:
However, there was no standardized curriculum for personal finance education until after the 2008 financial crisis. The United States President's Advisory Council on Financial Capability was set up in 2008 to encourage financial literacy among the American people. It also stressed the importance of developing a standard in financial education. [1]
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The course content would be available online for free, with the full online course available through ASU for US$25, which would be led by ASU faculty and include direct interaction. Students would then have the option to spend US$400 to receive college credit for the course that would be transferable to any institution that accepts ASU credits.
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