Building Capital at the Library: Financial Literacy Programming and Partnerships

Emily L. Mross, Lauren Reiter

Abstract


Lack of personal financial knowledge negatively affects both individual and collective economic vitality, making financial literacy programming an important way that libraries can contribute to strong communities. Financial literacy is one of five essential 21st century literacies identified and supported by PA Forward, an initiative of the Pennsylvania Library Association to support libraries in their literacy efforts. Offering these events and workshops is a daunting task, but connecting libraries with partners who are trustworthy financial literacy experts can ease the difficulties. Using examples from public and academic libraries in Pennsylvania, this article will discuss PA Forward Financial Literacy partners, illustrate a variety of programming opportunities, and highlight best practices for library financial literacy programs.



Full Text:

PDF

References


Bauman, D. (2018). Is student debt big enough to hold back the economy? What the research says. Chronicle of Higher Education, 65(26), 46–46.

Champlain College Center for Financial Literacy. (2017). National high school financial literacy report: Making the grade 2017. Retrieved January 9, 2019, from https://www.champlain.edu/centers-of-experience/center-for-financial-literacy/report-national-high-school-financial-literacy

Council for Economic Education. (2018). 2018 survey of states. Retrieved from https://www.councilforeconed.org/wp-content/uploads/2018/02/2018-SOS-Layout-18.pdf

FINRA Investor Education Foundation. (2015). Financial capability study: States ranked most and least likely to engage in key measures of financial capability. Retrieved from https://www.usfinancialcapability.org/downloads/NFCS_2015_State_Rankings.pdf

FINRA Investor Education Foundation. (2016). Financial capability in the United States 2016. Retrieved from http://www.usfinancialcapability.org/downloads/NFCS_2015_Report_Natl_Findings.pdf

FINRA Investor Education Foundation. (n.d.). Financial capability study: Pennsylvania. Retrieved November 14, 2018, from http://www.usfinancialcapability.org/results.php?region=PA

Geraci, A., Hickey, D., & LaVoice, K. (2016). Getting the patron to yes: The academic librarian’s role in supporting salary negotiations. In The Library’s Role in Supporting Financial Literacy for Patrons (pp. 247–258). Lantham, MD: Rowman & Littlefield.

Gil, E. L. (2015). Leading the way for financial literacy education: A case study on collaboration. Journal of Business & Finance Librarianship, 20 (1–2), 27–53. https://doi.org/10.1080/08963568.2015.978710

Institute for College Access & Success. (2017). Student debt and the class of 2016 (p. 26). Retrieved from https://ticas.org/content/pub/student-debt-and-class-2016

Jagman, H., Lewis, K., Nunn, B., & Walter, S. (2014). Financial literacy across the curriculum (and beyond). College & Research Libraries News, 75 (5), 254–257.

Keller, K., LeBeau, C., Malafi, E., & Spackman, A. (2015). Meeting the need for library-based financial literacy education. Reference & User Services Quarterly, 54 (3), 47–51.

Pennsylvania Department of Education and Pennsylvania Department of Banking and Securities. (2016). 2016 report on economic and personal finance education in Pennsylvania.

Smith, C. A., & Eschenfelder, K. (2013). Public libraries in an age of financial complexity: Toward enhancing community financial literacy. The Library Quarterly, 83 (4), 299–320.




DOI: https://doi.org/10.5195/palrap.2019.196

Refbacks

  • There are currently no refbacks.




Copyright (c) 2019 Emily L. Mross, Lauren Reiter

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.