Financial Literacy

What is Financial Literacy?

Financial Literacy is defined in slightly varying ways, but most definitions are much like this one from the National Financial Educators’ Council: “Possessing the skills and knowledge on financial matters to confidently take effective action that best fulfills an individual’s personal, family and global community goals.” (https://www.financialeducatorscouncil.org/financial-literacy-definition/)

Resources

Financial Literacy (PLA) http://www.ala.org/pla/resources/tools/programming-instruction/financial-literacy

Includes a large number of resources for library collection development and programming as well as links to resources for individuals from government and consumer organizations. This collection of resources also has dedicated sections significant topics such as home buying and retirement planning.

Financial Literacy Education in Libraries: Guidelines and Best Practices for Services (RUSA)

http://www.ala.org/rusa/sites/ala.org.rusa/files/content/FLEGuidelines_Final_September_2014.pdf

Keeping up With… Financial Literacy (ACRL)

http://www.ala.org/acrl/publications/keeping_up_with/financial_literacy

This is one of several installments in the “Keeping up With” series created by ACRL. It offers a brief introduction to why financial literacy is so important and how libraries are beginning to address it.

Money Smart Week, an initiative of ALA and the Federal Reserve Bank (Chicago)

http://www.ala.org/aboutala/offices/money-smart-week

This annual observation is a great time to draw attention to matters surrounding financial literacy. This site provides information on the current year’s events and resources as well as links to resources form prior years.

Getting Involved

The Reference and User Services Association (RUSA) has a financial literacy interest group: http://www.ala.org/rusa/contact/interest-groups