Integrating Financial Capability into Employment Services

• Published in: Policy File 2021
• Main Authors: Treskon, Mark, Congdon, William J, Martinchek, Kassandra, Carther, Alexander
• Format: Report
• Language: English
• Subjects: Education; Poverty; Urban Institute

Employment and training (E&T) contexts provide opportunities to deliver financial capability interventions to adults with low incomes, but there is little evidence on the effectiveness of this channel. To address this gap in knowledge, OPRE launched the "Integrating Financial Capability and Employment Services" project, which will study the extent of financial capability interventions in E&T programs, key features of such programs, the factors that have led to their inclusion, and what evidence exists on the effectiveness of such interventions in the E&T context. This brief looks at research on the integration of E&T services and financial capability interventions and their effects on economic outcomes for adults with low incomes. A growing body of evidence shows that financial capability programs and services may have some positive effects on participants' financial well-being and that financial capability interventions and E&T programs might work together well to improve financial and economic outcomes for adults with low incomes in numerous ways.