Partnerships with community organizations can often enhance the financial literacy programming that libraries can offer their patrons themselves.
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Michigan State University's Gast Business Library partners with the College of Social Science’s Go for the Green financial literacy team to cosponsor MSU’s participation in Money Smart Week, a national program sponsored by the Federal Reserve Bank of Chicago. As part of this weeklong event, the Go for the Green team hires a financial literacy-focused author to come to campus and speak with students about managing their money.
COVID-19 isn't just a health crisis; for many Americans, the pandemic has caused economic turmoil as well. As members of ALA's Financial Literacy Interest Group, we know the importance of financial capability skills, and this was a moment for us to step up.
So facing statewide "shelter at home" orders this spring, public and academic libraries made a quick shift to online financial literacy programming. Here’s what we learned along the way.
ALA is seeking contributing authors who would like to author projects in an upcoming book "Financial Literacy at the Library" (working title), edited by Kathy Rosa and Melanie Welch, to be published by ALA Editions.
This book on personal finance and financial literacy in libraries will include a robust section of program models featuring effective financial literacy-themed programs and activities. We hope for it to be an all-in-one recipe book for inspiring and creating innovative financial literacy programming that will be chock-full of practical project ideas for libraries.
Lakewood has historically been a very welcoming place for new Americans. Our area recently saw an influx of new residents from Southeast Asia, so we decided to host a financial literacy class for Nepali and Burmese-speaking people.
We regularly work with a group called Asian Services in Action (ASIA Inc.), so we decided to reach out to them since they had the expertise needed for the workshops. We held the program at our Madison branch, which is located in a neighborhood where a lot of immigrants settle.