What was the last significant financial moment of your life?
Maybe it was brought on by a financial misstep: you took on more debt than you could manage or you maxed out your credit card. It could have been a big financial choice: you bought a car or a house or you adopted a dog. It could have been a big event that strained your finances, like having a child, losing a job or a health crisis in the family. No matter what the moment was, you probably could not have predicted how or when it would happen.
Many workforce programs have taken the initiative to integrate financial literacy and capability into their curriculum and services to make these financial events more manageable. They may choose to integrate services like financial coaching, credit counseling, credit building and most commonly, financial education. Yet despite research showing that financial education impacts behavior minimally, many programs continue these services by default. But what if there are overlooked elements of financial capability, such as elements that precede more technical financial information and are more accessible for workforce programs to integrate into their programs?
With support from JP Morgan Chase, The Prosperity Agenda partnered with Seattle Goodwill and ANEW (Apprenticeship & Non-Traditional Employment for Women) to learn more about the challenges and opportunities that exist in workforce development programs to integrate financial capability services.
On Thursday, July 26th, we will be sharing our findings from this partnership. We're excited to share what we learned with our audience and invite you to listen!