Integrating Financial Capability and Employment Services

OPRE launched this project in 2019 to develop a better understanding of financial literacy interventions within employment-related contexts for low-income individuals. Very little empirical or exploratory work currently exists on the nexus between financial literacy and employment and training programs designed for adults, as previous research has typically focused on other contexts and/or populations. This project seeks to fill that gap in the research and develop a better understanding of how financial capability interventions reach and affect low-income populations through employment and training programs.

This descriptive study explores financial capability interventions within employment-related contexts for low-income adults. The purposes of this project are to better understand the extent to which employment and training programs incorporate financial literacy training, how such training is incorporated, and options for future research and evaluation efforts in this area. This project will include:

  • Expert consultations;
  • A review of the existing literature on the effects of financial capability interventions on economic and employment outcomes among human services and employment program participants;
  • A survey of employment and training programs; and
  • Special topics briefs on various matters concerning financial capability interventions in employment-related contexts for low-income individuals, including the impacts of incremental versus one-time EITC payments on family economic stability.

This contract was awarded to MEF Associates and its subcontractor the Urban Institute.

Point(s) of contact: Lisa Zingman and Emily Ross.

Related Resources

This brief looks at research on the integration of E&T services and financial capability interventions and their effects on economic outcomes for adults with low incomes.

This brief reviews the design and administration of the EITC and summarizes the literature on the EITC’s effects on work, wages, poverty, financial stability, and other nonfinancial benefits, giving special attention to the way program outcomes might depend on or relate to payment timing. The authors discuss how changing the EITC’s payment structures may affect recipients and how the Internal Revenue Service (IRS) carries out the EITC to highlight important considerations and possible trade-offs. The brief identifies areas where additional research is needed to better understand these relationships and trade-offs related to payment timing.