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CFPB Launches New Research on ‘Financial Well-Being'

Posted on 1/29/2015

The CFPB has launched a new research effort to better understand what it calls "financial well-being," a term it is using to describe the end goal of a financial education program.

"A growing consensus is emerging that the ultimate measure of success for financial literacy efforts should be individual financial well-being," said the CFPB. "We encourage [financial education] practitioners to take these ideas and consider how they might be incorporated into your one-on-one interaction strategies or program designs," the bureau added. "The field needs practitioners to experiment inventively -- and to report back on what you are learning."

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