Building financial capability and security over the life course strengthen Iowa families, however low financial literacy, coupled with stagnant incomes and rising living costs create economic pressures that erode financial security. Iowans scored on average just 60% on a national financial literacy test. Many rural Iowans struggle to find well-paying jobs and to access services. Targeted and timely Extension financial education programs build the knowledge and skills needed in today’s complex financial markets.
Increase skills and knowledge to use the NEFE HSFPP to teach financial literacy skills to middle and high school youth.
Participants will plan and track spending, assess insurance coverage, improve short-term financial security by reducing debt and starting/increasing emergency fund savings, assess retirement readiness and/or increase retirement savings, and assess legal preparedness for future life events.
Increase family financial security, improve financial management skills, and increase community support for people living within their means.
Increased understanding of health insurance options and confidence to make optimal decisions.
Increase skills and knowledge to wise saving and investing decisions at each stage in life—beginning, mid-life, or near or in retirement.
Community volunteers are trained and certified to prepare (at no charge) basic tax returns for low- and moderate-income residents. Filers avoid tax preparation fees and receive help applying for special tax credits such as the refundable Earned Income Tax Credit.
Increase skills and knowledge in financial management and develop and make progress towards financial goals.