Full Title: Number of economically disadvantaged individuals receiving financial literacy services.
Definition of Key Terms
Economically disadvantaged: Must be receiving or meet the income eligibility requirements to receive: TANF, Food Stamps (SNAP), Medicaid, SCHIP, Section 8 housing assistance OR have a poor credit score OR are at least 60 days behind on one or more personal/family accounts.
Individuals: may be a single individual or may represent a family; may be of any age considered an “adult” in the state where services are provided
Financial literacy services: “financial literacy education with regard to credit management, financial institutions including banks and credit unions, and utilization of savings plans” SAA
How to Calculate Measure/Collect Data
Unduplicated count of Individuals to whom the “financial literacy services” are provided. Note that this is not simply a referral service. Individuals may contact the organization more than once during the year to get help but each individual should be reported here only once. Services may be provided in-person, on the phone, or by email.