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The FDIC Promotes the Economic Inclusion of People with Disabilities

December 19, 2017

The Federal Deposit Insurance Corporation (FDIC) seeks to improve the financial inclusion of underserved populations, particularly those that are not using mainstream financial services, through the Alliance for Economic Inclusion (AEI). The AEI moves forward this national initiative through the establishment of broad-based coalitions of financial institutions, community-based organizations, and other partners in several markets.

Over the past few months, the LEAD Center has supported events, led by AEIs, in Wisconsin, Michigan, and New Mexico. These events brought together members of the local financial services community and the disability community to discuss opportunities and strategies to improve the financial inclusion of people with disabilities.

The LEAD Center shared information about financial education, integrated financial capability strategies, and ABLE accounts to demonstrate the range of opportunities available to support people with disabilities seeking to join the financial mainstream.

The FDIC made available a new resource, a supplement to its Money Smart for Adults Financial Education program, which provides scenarios about people with a range of disabilities as they take steps to open bank accounts, obtain a mortgage, modify their home, and/or open an ABLE account. The Supplement for Instructors/Trainers: Scenarios for Financial Inclusion provides scenarios along with questions for discussion aligned with a Money Smart module. These can be used with one or more modules or as a stand-alone exercise. Possible answers are provided as well. FDIC materials are not copyrighted and can be modified or adapted to meet the specific needs of the intended audience.

Money Smart for Adults provides 11 modules of financial education that focus on different aspects of banking and money matters. Modules are provided as both an online training for adults and a downloadable curriculum. The instructor-led version of Money Smart is available in Braille and large print for the visually impaired. In addition, the curriculum is also available in the following languages: English, Chinese, Haitian Creole, Hindi, Hmong, Korean, Russian, Spanish, and Vietnamese.

The FDIC provides the Money Smart curriculum to interested parties free of charge. The materials are easily reproduced and have no copyright restrictions, which allows users to modify the content to meet the needs of diverse populations. If needed, FDIC staff are available to provide technical assistance and to help facilitate partnerships among interested parties.

The FDIC also provides Money Smart for Young Adults, Money Smart for Older Adults, and Money Smart for Small Business, free of charge for the public’s use.