Financial Education Serves Diverse Needs

December 23, 2013

The Kansas City Fed collaborates with partners to focus attention on financial education needs of low- and moderate-income communities.

The Kansas City Fed works in partnership with community organizations throughout the Tenth District to offer financial education programs that fit the diverse needs of consumers from high school age to retirement.

The Kansas City Fed’s Denver office partnered on Nov. 5 with Operation HOPE, a national nonprofit with a focus on financial education for youth, to offer training sessions for more than 200 high-school freshman on budgeting and wealth building, skills they will need long past high school.

Assisting adults


Participants find financial resources at MoneySmart Day in Kansas City.

Kansas City Fed offices in Denver, Kansas City, Oklahoma City and Omaha joined with local partners to provide wide-ranging financial education programs to assist adults not only with personal skills but also with starting a business.

The Kansas City office partnered with the MONEYWISE Foundation, St James United Methodist Church and Bank of the West to host a Moneywise Empowerment Seminar on Sept. 21, which focused on building assets, managing money and pursuing independence by starting one’s own small business.

Similarly, the Omaha office partnered with Salem Baptist Church and Bank of the West on Nov. 23 for the Financial Empowerment Conference.  This half day conference had two tracks, one that focused on personal financial empowerment and the other on launching and growing a small business. 

Collaborative efforts


(The Kansas City Fed offers resources for understanding and managing paychecks.)

The Kansas City Fed’s focus on financial education benefits from strong relationships with financial educators, professionals, lenders and community groups.

The Denver office partners with the New Mexico Financial Education Coalition to host the annual New Mexico Financial Education Summit, which over the past seven years has provided financial education to more than 4,000 state residents, including college students and seniors.

Another example is the Money Smart campaigns conducted throughout the Tenth District. These annual campaigns combine the talents of dozens of financial educators, lenders, counseling agencies and faith-based groups, and attract thousands of consumers to programs that are held community-wide.

Programs also address emerging issues, such as handling natural disasters.

On Nov. 6, the Kansas City Fed’s Oklahoma City office partnered with the Oklahoma Jump$tart Coalition to host a statewide conference on the role financial educators play in helping consumers prepare for disasters.

Research and resources

Community development research and web resources also play roles in the Kansas City Fed’s financial outreach programs.

This past year, Senior Economist Kelly Edmiston researched the impact of student debt, resulting in insights that can help policymakers, financial educators and students assess the cost and benefits of higher education

The Kansas City Fed’s web page: Putting Your Paycheck to Work, offers resources for employees and employers on understanding and managing paychecks, along with fact sheets and training guides that can be used by financial educators.

Adapting financial education to the diverse needs of different audiences is important for successful programs, educators say. With its broad mix of partners, the Kansas City Fed seeks to increase access to financial education programs.

More information about the Kansas City Fed’s programs and resources can be found online on the Kansas City Fed’s financial stability web page.