Financial Literacy Programs for Local Government Employees

When it comes to financial literacy, there is no need to read between the lines, too many Americans don’t understand basic financial concepts and how to use them to build long-term financial security.

State and local government workers face increasingly complex challenges in financial decision making. Since the range of reforms that followed the Great Recession, many public employees must navigate different options and structures for retirement and other benefits, many of which are less paternalistic than those previously in place. At the same time, these options require more decision-making responsibility by the individual, and often pose a greater level of risk.

Public sector workers are not confident that they will be able to retire when they want, that they are saving enough money for retirement, or that they will receive all the benefits they are entitled to once they do retire.