Join the Federal Reserve Bank of Kansas City and the FDIC for a CFPB Financial Education Exchange (CFPB FinEx) meeting for financial education practitioners of Kansas City. CFPB FinEx was developed by the Consumer Financial Protection Bureau (CFPB) to engage financial educators in an active discourse about financial capability tools, resources and partnerships. This session, led by CFPB staff, will provide an overview of CFPB FinEx on a national level and offer access to financial education tools and resources and the opportunity to share challenges and best practices in your work locally. More specifically, we'll address two topics in depth: financial issues facing the sandwich generation and families and money.
Specific Topics addressed will be as follows:
Financial Issues Face by the Sandwich Generation: Individuals in their mid-40s through 50s are pulled in many different financial directions at once. As this generation engages in retirement planning, they also juggle college costs, helping recent college grads transition to their careers, and assisting aging parents. In addition, avoiding financial fraud is important as little time remains to recoup any losses. Financial education can help this group navigate this multi-faceted period.
Families and Money: Examine the past and current influence of parents, family, and community on financial attitudes and behaviors. How can financial educators work with clients on family and money issues? The CFPB will share research on two related topics: the intergenerational transfer of money attitudes and behaviors, and shared household financial decision making. Explore how financial educators address these topics, and discuss challenges and strategies for working with families and their money issues.
The meeting will take place immediately after the Alliance for Economic Inclusion (AEI) Meeting.