The Missing Piece: Financial Literacy’s Key Role in Effective Career Navigation
Release Date: 04/21/2025
FedTalk
Supplying financial services is a core function of the Federal Reserve System. As a part of that work, the Federal Reserve operates 28 cash processing locations in the United States to distribute cash both within the United States and around the world. Our Cash Department is responsible for receiving currency from our financial institutions, validating the authenticity, and ensuring that all institutions have ready access to cash. In the Fourth District, we receive, process, and pay out cash at both our Cleveland and Cincinnati locations. In this Fed Talk, our speakers will discuss Cash 101 ...
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Financial literacy is important for success in any career. It gives people the knowledge, skills, and tools to make informed decisions. However, it is often a missing topic in conversations that prepare people to enter the workforce. Our panelists will discuss how current and future participants in the labor force can gain and use financial literacy. These financial skills will help them to navigate career decisions. Those who better understand finances are more equipped, for example, to address and consider the topics of compensation, benefits, retirement packages, and more as they pursue...
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According to a 2021 study by the Federal Deposit Insurance Corporation (FDIC), 4.5 percent of American households do not have a bank account, and 14.1 percent are considered underbanked. New research being conducted within the Federal Reserve System and in academia looks at existing barriers to financial inclusion and the importance of trust in banking and payments choices. Why are people unbanked and underbanked in the US? How do we define underserved in digital payments and banking services? How does trust affect adoption of and access to digital payments and banking services? What do we...
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The childcare sector has long faced workforce challenges that affect working parents and the broader economy. With high turnover and constraints on the supply fueled by how the industry is financed, providers often struggle to offer care parents can access. Engaging employers is gaining momentum as a strategy for addressing constraints on the childcare market. Join us at our next FedTalk where we will learn from experts about supply constraints along with motivations and opportunities for employers to engage in ways that could improve workforce stability and productivity.
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Long-term care can be expensive. As society ages, thinking about how to pay for care if needed is becoming a priority for many of us. Unfortunately people often find out too late that Medicare and Medicaid don’t cover all the costs. How can we protect ourselves financially against this risk? What is the current state of the private long-term care insurance market? How are Americans thinking about long-term care? And how is public policy tackling this issue? Join us for a FedTalk about long-term care insurance in the United States.
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Do you ever wonder how financial regulators like those with the Federal Reserve Bank of Cleveland assess the safety and soundness of our financial system? Join panelists from our Supervision, Credit Risk, and Statistics function for our May 2024 FedTalk about the Federal Reserve’s supervision role. From community banks to the largest banks and those in between, learn how the Federal Reserve Bank of Cleveland works to promote stable and efficient financial institutions. Speakers take audience questions following the presentation.
info_outlineFinancial literacy is important for success in any career. It gives people the knowledge, skills, and tools to make informed decisions. However, it is often a missing topic in conversations that prepare people to enter the workforce.
Our panelists will discuss how current and future participants in the labor force can gain and use financial literacy. These financial skills will help them to navigate career decisions. Those who better understand finances are more equipped, for example, to address and consider the topics of compensation, benefits, retirement packages, and more as they pursue careers.
Join us for a conversation about how educational, community outreach, workforce development, and other organizations can incorporate the “missing piece” of financial literacy into career conversations with people entering the workforce. We will discuss the importance of learning about personal finance concepts, such as
- budgeting
- saving
- investing
Panelists will share strategies to increase the career readiness of workforce participants through access to financial literacy. They will take your questions following the presentation.
Speakers
- Khaz Finley, Education Outreach Manager, Federal Reserve Bank of Cleveland
- Jacqueline Gamblin, CEO of JYG Innovations and Class B Director, Board of Directors, Federal Reserve Bank of Cleveland
- Joel Philistin, Director, Financial Wellness Center, University of Pittsburgh
- Emily Turner, Director, Choose Ohio First, Ohio Department of Higher Education
Moderator
- Davonta Milbry, Education Outreach Coordinator, Federal Reserve Bank of Cleveland