CFPB backs national financial literacy strategy for U.S. consumers

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CFPB national financial literacy strategy

Highlights

CFPB endorses the new National Strategy for Financial Literacy targeting youth capability, saving and investing, digital literacy, and scams education across the U.S.
The strategy promotes early financial skills education, safer digital finance use, and awareness of new vehicles like Trump Accounts for children.
FLEC, chaired by the Treasury Secretary and representing 23 federal agencies, coordinates this strategy with CFPB input, public consultation, and independent research.

National priorities and agency support

As reported by the Consumer Financial Protection Bureau, the agency supports the new National Strategy for Financial Literacy as a member of the Financial Literacy and Education Commission, or FLEC. The strategy guides nationwide action in four priority areas, youth financial capability, saving and investing, digital financial literacy, and scams and fraud education.

The CFPB says it has developed evidence-based resources to help Americans improve financial well-being. Its youth financial education strategy sets out a research-based framework for how children and young people build the knowledge, skills, and behaviors linked to adult financial well-being.

The national strategy includes promoting basic financial skills from childhood through young adulthood, improving knowledge of saving and investing, supporting safer use of digital financial products and services, and helping consumers recognize and avoid scams. It also mentions awareness of new savings and investment vehicles, including Trump Accounts for children.

Implementation approach and broader policy role

The strategy identifies several practices for effective financial education, including providing timely and actionable guidance at major financial decision points, tailoring education to life stages and personal circumstances, and reinforcing concepts over time. It also supports experiential learning, high-quality instruction, and evaluation of program effectiveness.

According to the CFPB, the strategy is developed through consultation with agencies represented on FLEC, public input, and independent research on financial literacy and education. FLEC is established by the Fair and Accurate Credit Transactions Act of 2003 and brings together the heads of 23 federal agencies and the White House Domestic Policy Council under the chairmanship of the Treasury Secretary, while the CFPB's acting director serves as vice chair.

Our earlier coverage looked at the release of the 2026 National Strategy for Financial Literacy, which sets nationwide priorities in youth financial capability, saving and investing, digital financial literacy, and scams and fraud education. We noted that the roadmap is designed to align efforts across 23 federal agencies and the White House Domestic Policy Council through the Financial Literacy and Education Commission, with an emphasis on timely guidance at key decision points, tailored education, and evaluation of program effectiveness.

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