Financial Literacy news and trends

Synchrony GM Explores Synergy Between Consumers’ Financial and Physical Wellness
Healthcare Financing // June 18, 2024

Health is wealth — but all too often, wealth can have an outsize impact on health. Financial stability directly influences an individual’s ability to access healthcare, particularly preventative services. And in an increasingly interconnected world, the relationship between financial health and physical health has become...

US Bank Teams With Greenlight on Teen Bank Accounts
Banking // June 06, 2024

U.S. Bank has launched a partnership with Greenlight aimed at increasing financial education. The collaboration will give eligible U.S. bank customers complimentary access to Greenlight’s debit card and money app, designed to help families teach their children financial skills, according to a Thursday (June 6) new release. The...

OCC’s Hsu Encourages FIs to Help Immigrants Gain Access to Credit   
Financial Inclusion // April 11, 2024

This week, Michael Hsu, acting comptroller of the currency at the Office of the Comptroller of the Currency (OCC) called on U.S. financial institutions (FIs) to take steps to serve newly arrived immigrants before they can slip into the ranks of the country’s unbanked.  “The OCC encourages...

OCC Asks FIs to Offer Customers ‘High-Quality Financial Literacy Education’
Consumer Finance // April 03, 2024

This week, the Office of the Comptroller of the Currency (OCC) asked U.S. financial institutions (FIs) for their help in “improving the financial capability and financial health of their customers.” In a statement issued on Tuesday (April 2), the OCC said it believes the best way FIs...

Interviews & Exclusives
Synchrony GM Explores Synergy Between Consumers’ Financial and Physical Wellness

June 18, 2024
Health is wealth — but all too often, wealth can have an outsize impact on health. Financial stability directly influences an individual’s ability to access healthcare, particularly preventative services. And in an increasingly interconnected world, the relationship between financial health and physical health has become more apparent and significant. As Synchrony General Manager of Wellness […]

‘Finfluencers’ Come Under Fire Amid New Social Media Controversy

March 19, 2024
Social media is very much under the microscope lately due to the controversy surrounding a potential TikTok ban and various cases regarding its regulation in front of the Supreme Court. And with that...

Gen Z Is Only 4% of Credit Union Members, and That’s a Problem

June 09, 2023
Young consumers are feeling the pinch. According to recent PYMNTS data, 73% of millennials live paycheck to paycheck — the highest rate among all generations, with Generation Z close behind...

NatWest Rooster Money CEO on Making Money ‘Tangible’ for Cash-Free Kids

February 27, 2023
Making financial decisions is part of everyday life, and that means being financially literate is not just a nice to have, but a core life skill for any individual. And...

Quick Reads
Report: Teenagers in Wealthy Nations Lag in Financial Literacy

June 27, 2024
A new report says teens in more prosperous countries are lacking in financial literacy. While more than two-thirds of students routinely use financial products and services, levels of financial literacy are too low to make sure they can avoid financial risks, the Organization for Economic Cooperation and Development (OECD) said Thursday (June 27). “These results, […]

US Bank Teams With Greenlight on Teen Bank Accounts

June 06, 2024
U.S. Bank has launched a partnership with Greenlight aimed at increasing financial education. The collaboration will give eligible U.S. bank customers complimentary access to Greenlight’s debit card and money app, designed to help...

Intuit Introduces Financial Literacy Courses and Tools for High Schools

April 02, 2024
Intuit launched a financial literacy program that provides U.S. high school educators with resources to teach their students about personal and entrepreneurial finance. The new Intuit for Education program covers budgeting, saving, managing...

Goalsetter Raises $9.6 Million to Promote Financial Health

March 25, 2024
Savings/financial education platform Goalsetter has raised $9.6 million in new funding. The company’s Series A extension round, announced Monday (March 25) was led by an affiliate of Edward Jones and MassMutual through its MM Catalyst...