From Committees of RUSA: Meeting the Need for Library-based Financial Literacy Education
Abstract
The economic recession and resulting increased demand for help from libraries have raised awareness of the nationwide need for basic financial literacy education. Libraries, traditionally accepted as sources of free, unbiased information resources, are the ideal community institution to meet the demand for financial literacy education services and programming. In order to do this, library staff need financial literacy skills, as well as knowledge of reliable, accurate personal finance resources. Development of national guidelines for financial literacy in libraries provides library staff with an authoritative central resource to help meet this need. The following white paper details the creation of Financial Literacy Education in Libraries: Guidelines and Best Practices for Service, which can be accessed from the RUSA website at www.ala.org/rusa/resources/guidelines.
References
Barbara O’Neill, “It’s the Latest, It’s the Greatest, It’s [Financial Education] at the Library,” Journal of Extension 51, no. 2 (April 2013): 1–4.
Margaret Monsour, “Libraries Innovate with New Financial Education Programs,” Public Libraries 51, no. 2 (March/April 2012): 36–43.
Catherine Arnott Smith and Kristin Eschenfelder, “Public Libraries as Financial Literacy Providers,” October 2011, http://cfs.wisc.edu/briefs/ArnottSmithEschenfelder2011_PublicLibrariesPaper.pdf.
University of Wisconsin-Madison Center for Financial Security, “Public Libraries as Financial Literacy Providers [video],” December 17, 2012, www.youtube.com/watch?v=AX6TilIaozM.
Urban Libraries Council, Partners for the Future: Public Libraries and Local Governments Creating Sustainable Communities (Washington, DC: ULC, 2010), www.urbanlibraries.org/filebin/pdfs/Sustainability_Report_2010.pdf.
American Library Association, The State of America’s Libraries, (Chicago: ALA Editions, 2013), 2, www.ala.org/news/sites/ala.org.news/files/content/2013-State-of-Americas-Libraries-Report.pdf.
Martha Henn McCormick, “The Effectiveness of Youth Financial Education: A Review of the Literature,” Journal of Financial Counseling and Planning 20, no. 1 (2009): 70–83.
Robert Ganem, FINRA Investor Education Foundation, 2015.
Trevor A. Dawes, “Libraries, ACRL, and Financial Literacy,” College & Research Libraries News 74, no. 9 (October 2013): 466–67.
Sonja Špiranec, Mihaela Banek Zorica, and Gordana Stokić Simončić, “Libraries and Financial Literacy: Perspectives from Emerging Markets,” Journal of Business & Finance Librarianship 17, no. 3 (July 2012): 262–78; Catherine Arnott Smith, and Kristin Eschenfelder, “Public Libraries in an Age of Financial Complexity: Toward Enhancing Community Financial Literacy,” Library Quarterly 83, no. 4 (October 2013): 299–320.
Molly A. Wolfe-Hayes, “Financial Literacy and Education: An Environmental Scan,” International Information & Library Review 42, no. 2 (2010): 105–10.
Council for Economic Education, National Standards for Financial Literacy (New York: CEE, 2013), www.councilforeconed.org/wp/wp-content/uploads/2013/02/national-standards-for-financial-literacy.pdf; Jump$tart Coalition for Personal Financial Literacy, National Standards in K–12 Personal Finance Education (Washington, DC: Jump$tart Coalition for Personal Financial Literacy, 2015), www.jumpstartcoalition.org/assets/files/2015_NationalStandardsBook.pdf; Wisconsin Department of Public Instruction, Wisconsin’s Model Academic Standards for Personal Financial Literacy (Madison: Wisconsin Department of Public Instruction, 2006), http://standards.dpi.wi.gov/sites/default/files/imce/standards/pdf/pfl.pdf; Maryland State Department of Education, The Maryland State Curriculum for Personal Financial Literacy Education (Baltimore, MD: Maryland State Department of Education, 2010), http://mdk12.org/instruction/curriculum/financial_literacy/financialLiteracy_STANDARDS.pdf).
Lewis Mandell, “The Financial Literacy of Young American Adults,” The Jumpstart Coalition for Personal Financial Literacy, 2008, Washington, DC.
Inceptia, a Division of the National Student Loan Program, “First-Year College Students Score Poorly in Basic Financial Literacy, Inceptia Survey Reports,” 2013, www.inceptia.org/about/news/jan-22-2013.
Barack Obama, “Presidential Proclamation-National Financial Literacy Month,” March 31, 2011, Washington, DC: The White House.
Michael Dudley, Public Libraries and Resilient Cities (Chicago: ALA Editions, 2013), 6.
DOI: https://doi.org/10.5860/rusq.54n3.47
Refbacks
- There are currently no refbacks.
© 2024 RUSA