4/16/2015 – “As part of the Financial Literacy and Education Commission’s (Commission) efforts to share information and research that can help prepare young people for their financial lives, we recently worked with the Journal of Consumer Affairs to solicit new academic papers on ways to improve the financial capability of young people. Ten academic research papers are now published and publicly available in the Spring 2015 “Special Issue on Starting Early for Financial Success.” The Commission has a strategic focus on reaching young people at the early stages of life to help them prepare for their financial futures, and this research complements our work. The research shows that the path to financial success can start early. These papers cover a range of topics, including the role parents and caregivers play in sharing financial lessons. This research also shows that developing financial skills and capability includes practicing through hands-on experiences. Additionally, the findings note that during the transition from childhood to young adulthood, young people need financial products, services, and opportunities to put their financial skills to use. Overall, the research focuses on ways to help young people build a healthy financial foundation. Helping young people gain financial knowledge, skills, and opportunities are critical to the economic well-being of the nation as a whole. During April’s National Financial Capability Month, the Commission recommits its efforts to provide Americans, especially young people, with education, guidance, and helpful tools to make informed financial choices. The research in this issue of the Journal of Consumer Affairs builds on the work of the Commission, and it is a productive basis for additional research and evaluation dedicated to improving financial capability among more Americans. To view the Journal of Consumer Affairs Special Issue on Starting Early for Financial Success please click here”