Young Americans Financial Literacy Act

This bill would create a grant program at the Consumer Financial Protection Bureau to fund “centers of excellence” that build and test money‑skills education for kids and young adults ages 8 to 24 and their families. The goal is to expand strong programs and learn what works in teaching people how to manage money.

Key points

• Who is affected: Young people and families; teachers and program leaders; partnerships among colleges, state or local financial education agencies, nonprofits, banks, and other small organizations can apply.
• What changes: The Bureau would award competitive grants to create and run research‑based financial education programs, train educators, reduce student loan default rates, and keep studying and improving these programs.
• When: The grant program would end after fiscal year 2029.