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Money Smart

Money Smart Newsletter

May 2023

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Last Updated: May 31, 2023

In This Issue

May Monthly Message from the FDIC

May is Older Americans Month and recognizes the valuable contributions of past and present older persons to the country and our families. The FDIC Money Smart for Older Adults Program raises awareness among older adults and their caregivers on how to prevent elder financial exploitation and encourages advance planning and informed financial decision-making. Older Americans can protect themselves from financial abuse by making sure financial records are organized and being aware of how much money they have in their accounts.

To learn more about Money Smart for Older Adults (MSOA), check out the FDIC Resource webpage. The MSOA program can help older adults, family caregivers, and others prevent, recognize, and report scams, fraud, and financial exploitation. MSOA was developed jointly by the Consumer Financial Protection Bureau (CFPB) and the Federal Deposit Insurance Corporation (FDIC). FDIC Money Smart for Older Adults Instructor Guide is also available for download.

If you would like to learn more about protecting your identity and other assets, check out the FDIC How Money Smart Are You? resource. Everyday financial topics and information are delivered through a suite of 14 games and related resources.

Join us on social media using the #FDICMoneySmart and show us your work with the Money Smart products in action!

New Money Smart for Young Adults

The FDIC recently released an updated version of Money Smart for Young Adults (MSYA). The MSYA instructor-led curriculum provides trainers the resources they need to help their students or consumers with practical knowledge, skill-building opportunities, and resources young adults can use to manage their finances with confidence. Instructors can use it to deliver unbiased, relevant, and accurate financial education, whether they are new or experienced trainers. This newly released version of MSYA includes the following updates:

  • Target age range for this version is now 16 to 24 year olds (previously targeted ages 12 to 20 year olds)
  • Includes more interactive exercises
  • Uses the CFPB curriculum review tool to help you select the most promising and appropriate curricula for your classroom
  • New pre- and post-knowledge assessments
  • New look and feel of the curricula and format

The MSYA curriculum consists of 12 modules that cover basic financial topics. Each module guides instructors on what to say and do. The materials are available for immediate download on our website.

Latest FDIC Consumer News Edition

The May 2023 edition of the FDIC Consumer News is titled, “Need a Loan for Your New Small Business?” It provides information to help you get the loan that is right for you. Read the full article here.

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