Financial education is especially critical in the effort against these deceptive practices. Consumers empowered with the information to make educated financial choices are less susceptible to fraud and less likely to become entangled in financially devastating credit arrangements. Trends in the Financial Services Industry Some may believe these trends indicate that market forces have hurt consumers.
Some are easy targets for abuses or make poor choices in the use of credit. The inability of many households to effectively budget, save, and invest is a barrier to their securing their financial future. The Fed is actively supporting efforts across the nation to increase financial literacy. In fact, we offer programs to our own workforce on financial matters.