The rapidly expanding choices of financial products and services have increased the need for financial education. This article highlights the results of an FDIC study of its Money Smart financial education program. The study demonstrates the positive effects of this curriculum on consumer money management attitudes and behaviors. Importantly for bankers, the study shows that financial education can strengthen the relationships consumers have with banks and improve their financial condition and outlook. In addition, this article describes the many ways banks are offering financial education and offers suggestions for banks as they try to enhance their programs.
Last Updated: November 20, 2025