MONEY SMART WEEK® helps consumers better manage their personal finances. MONEY Programs are offered to people of all demographics and income levels and cover all facets of personal finance. SMART® WEEK Facebook.com/MoneySmartWeekNational Twitter.com/MoneySmartWeek Instagram: @chicagofed #msw2018 Pinterest: @chicagofed Money Smart Week 2018 ANNUAL REPORT
MISSION MAIN DRIVER COMMUNITIES COLLABORATION CATALYST FOR CHANGE
ENGAGEMENT CREATIVITY MEDIA GROWTH 2018 PARTNERS MISSION
MONEY SMART WEEK® is a public education campaign that helps con- sumers better manage their personal finances through thousands WHERE DID MSW 2018 TAKE PLACE? of free programs and events. These sessions are provided by Money What began in 2002 as a Chicago-based effort with 40 events and Smart Week® partners including nonprofits, financial institutions, 30 partners has expanded to multiple states. government agencies, schools and libraries. Classes and events (offered April 21st – 28th) connected community members with resources that strengthened public-private partnerships and engaged the media. The Federal Reserve Bank of Chicago convenes the program to help consumers locate and use resources that will help them analyze spending, manage debt, build savings and plan for the future.
“Money Smart Week helps people from all backgrounds build financial capability. When consumers learn how to best save, spend, plan, and invest, they can take steps
toward securing their financial futures. A community of Events: 4,350 Attendance: 141,740 Attendees 1 34,000 well-informed consumers helps support a healthy economy.” Events 1 900 States: 41 — Charles L. Evans, President & CEO, Federal Reserve Bank of Chicago Partners: 2,500+
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SMART® MISSION MAIN DRIVER COMMUNITIES COLLABORATION CHANGE ENGAGEMENT CREATIVITY MEDIA GROWTH 2018 PARTNERS WEEK 2018 THE MAIN DRIVER
During Money Smart Week 2018, groups across the country worked together to reach consumers with information and ideas to encourage financial well-being. Topics presented included understanding stocks and bonds, how to read a credit report and planning for college. The goal of the program is to build financial capability, especially for some of the 73 million American adults who report that they are just getting by.
“Adults choose to come to these events when they have a need. They specifically choose a topic because they want that information. If they can get a strategy to meet that need, there’s a good chance they’re going to use it.” FemPreneur Summit in Lavonia, Michigan, where women discover tips to build their businesses. — Karen Chan, CFP®, Karen Chan Financial Education & Consulting, MSW Partner “Over the past 10 years, we’ve attended events Most Popular 2018 Class Topics that have brought us through retirement plan- ning to estate planning. We’ve implemented knowledge gained from these engaging events Retirement Estate Money Identity Investment Planning Planning Management & Theft Strategy to help make the best financial decisions for our family.” Organization ® 20% 14% 12% 10% 9% — Carol and Phil Battaglia, Money Smart Week attendees
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SMART® MISSION MAIN DRIVER COMMUNITIES COLLABORATION CHANGE ENGAGEMENT CREATIVITY MEDIA GROWTH 2018 PARTNERS WEEK 2018 STRENGTHENING COMMUNITIES
The Money Smart Week® campaign has grown to include thousands of Money Smart Week® partner organizations. These partners provide free sessions and events that help consumers manage challenges across the financial lifecycle. This year, more than141,000 people attended events thanks to the efforts of our 2,500+ partners.
“Money Smart Week grows a strong community because you’re supporting everybody’s interests.” — Sarah Timm, Public Services Manager, Texas A&M University – San Antonio
2500+ 2018 PARTNERS
Center for Economic Progress, Mobile Services’ Progress on the Go Bus in Chicago.
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SMART® MISSION MAIN DRIVER COMMUNITIES COLLABORATION CHANGE ENGAGEMENT CREATIVITY MEDIA GROWTH 2018 PARTNERS WEEK 2018 FOSTERING COLLABORATION
Money Smart Week® brings together a diverse group of volunteers working together to strengthen their communities by encouraging participants to become more money-savvy and to use financial services effectively. Empowered consumers are able to make informed choices, use services that are of value to them and have greater control over their financial lives.
“It’s about uncovering needs, identifying resources, and then creating innovative programming. Money Smart Week® brokers relationships across diverse sectors and encourages collaboration leading to a maximum positive impact for all involved. We’re more powerful together.” Michigan Girl Scouts at the Livonia Public Library in Michigan learn the components of coins and the process of minting. — Kelly Masters, State Chair, Money Smart Week® Michigan
Top 5 States for Event Attendance 2018
MI KS IL WV WI