Survey on Program Activities for YES Initiative

OMB Number: 3170-0036
Expiration Date: 06/30/2016

Survey on Program Activities for YES Initiative
Thank you for completing this survey as a part of tracking the activities of the Youth Employment Success
(YES) initiative. This information is being collected to help the CFPB improve technical assistance to youth
employment programs and to help identify best practices for the field. CFPB and CFED will review responses to
identify possible ways to improve the materials and trainings and refine financial capability tools for the
broader youth workforce.
In this survey, please report on your program activities that occurred between January 1, 2016 and May 31,
2016. Please return the survey to CFED by June 30, 2016 to the address provided at the end of the survey.
Privacy Notice
The information requested is being collected to help the Consumer Financial Protection Bureau (CFPB)
improve technical assistance to youth employment programs.
Your participation is voluntary, and the information you provide will only be used to assess the Summer Youth
Employment program. No personally identifiable information will be collected.
This collection of information is authorized by Pub. L. No. 111-203, Title X, Sections 1013 and 1022, codified at
12 U.S.C. §§ 5493 and 5512.]
Paperwork Reduction Act
According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not
required to respond to a collection of information unless it displays a valid OMB control number. The OMB
control number for this collection is 3170-0036. The time required to complete this information collection is
estimated to average approximately 30 minutes per response. Responding to this collection of information is
voluntary. Comments regarding this collection of information, including the estimated response time,
suggestions for improving the usefulness of the information, or suggestions for reducing the burden to respond
to this collection should be submitted to Bureau at the Consumer Financial Protection Bureau (Attention: PRA
Office), 1700 G Street NW, Washington, DC 20552, or by email to [email protected]. Please do not send
completed forms to this mailbox.

Organization participating in YES: ___________________________________________________
1. Youth participants enrolled in youth
employment program

_____ # youth overall
_____ # in-school youth
_____ # out-of-school youth

2. Number of youth participants who received any
type of financial capability skills training

_____ # youth overall
_____ # in-school youth
_____ # out-of-school youth

3. Training by Topic Module: How many participants received training on the various topics included in YES?
(If you did not integrate the topic area, please report 0)
Participants who received training on goal setting and spending plans: #
Participants who received training on transaction accounts: #
Participants who received training on saving: #
Participants who received training on credit: #
Participants who received training on pulling their credit report: #
Participants who received training on the FAFSA: #
Participants who received training on consumer protections: #
4. For the topic modules, did you use the materials provided by YES?

☐ Yes ☐ No

If no, what curriculum did you use?

5. Has your program integrated the following financial capability services into your program?
Direct deposit to youth participants on
program/municipal payroll
Split direct deposit into multiple accounts
Payment via payroll cards or prepaid debit
cards
Partnership with financial institution(s) to
offer youth accounts
One-on-one coaching or counseling

☐ Yes ☐ No

participants enrolled: # _____

☐ Yes ☐ No

participants enrolled: #_____

☐ Yes ☐ No

participants enrolled:# _____

☐ Yes ☐ No

accounts opened: #_____

☐ Yes ☐ No

participants received counseling: # _____

Peer coaching or counseling

☐ Yes ☐ No

youth trained as coaches:# _____
participants received coaching: #_____

6. Which resources or technical assistance provided through the YES Initiative did you find most useful to your

program and which least useful?

7. Youth Skills and Behaviors

Complete this section if you surveyed participants on their
financial practices and behaviors

Number of Participants
At Program Start

At Completion

Total participants reporting
Have a checking account
Have a payroll card or pre-paid debit card
Have a savings account
Have pulled their credit report
Have completed a FAFSA

Use a spending plan

Track how they spend their money

Saving a portion of their income

Never:

Never:

Sometimes:

Sometimes:

Often:

Often:

All the time:

All the time:

Never:
Sometimes:
Often:
All the time:
Never:
Sometimes:
Often:
All the time:

Never:
Sometimes:
Often:
All the time:
Never:
Sometimes:
Often:
All the time:

Thank you very much for taking the time to complete this survey.
Please return the completed survey by June 30, 2016 via email to [email protected] or via mail to:
YES Initiative
CFED
1200 G St. NW, Ste 400
Washington DC, 20005

Definitions and Sources for Youth Skills and Behaviors (Question 7)
Youth Outcome Indicators

Indicator definition

Data Source/Sample Survey Questions

Baseline: # youth reporting using a
spending plan “Sometimes” or
“Often” or “All the time”/ Total # of
youth reporting

Ask youth the following question on
application/intake survey AND exit
survey/interview:
How often do you use a personal budget
to plan how you spend your money?
Answer Options: Never, Sometimes,
Often, All the time

Goal setting and spending plans
Participants who report using
a spending plan

Participants who report
tracking how they spend their
money

Completion: # youth reporting using a
spending plan “Sometimes” or
“Often” or “All the Time”/ Total # of
youth reporting
Baseline: # youth reporting tracking
spending “Sometimes” or “Often” or
“All the time”/ Total # of youth
reporting

Completion: # youth reporting
tracking spending “Sometimes” or
“Often” or “All the time”/ Total # of
youth reporting
Financial Access: Transaction Accounts
Participants who have a
Baseline: # youth reporting having a
checking account
checking account / Total # of youth
reporting

Participants who have a
payroll card or pre-paid debit
card

Completion: # youth reporting having
a checking account / Total # of youth
reporting
Baseline: # youth reporting having a
payroll card or pre-paid debit card /
Total # of youth reporting
Completion: # youth reporting having
a payroll card or pre-paid debit card /
Total # of youth reporting

Ask youth the following question on
application/intake survey AND exit
survey/interview:
How often do you track how you spend
your money?
Answer Options: Never, Sometimes,
Often, All the time

Ask youth the following questions on
application/intake survey AND exit
survey/interview:
Do you currently have a checking
account?
Answer Options: Yes, No, Don’t Know
Ask youth the following question on
application/intake survey AND exit
survey/interview:
Do you currently use a pre-paid card or
payroll card (cards that you can add
money to and not gift or phone cards?)
Answer Options: Yes, No, Don’t Know

Saving
Participants who have a
savings account

Participants who report saving
a portion of their income

Baseline: # youth reporting having a
savings account / Total # of youth
reporting
Completion: # youth reporting having
a savings account / Total # of youth
reporting
Baseline: # youth reporting saving a
portion of their income “Sometimes”
or “Often” or “All the time”/ Total #
of youth reporting

Ask youth the following question on
application/intake survey AND exit
survey/interview:
Do you currently have a savings
account?
Answer Options: Yes, No, Don’t Know
Ask youth the following question on
application/intake survey AND exit
survey/interview:
How often do you save a portion of your

Completion: # youth reporting saving
a portion of their income
“Sometimes” or “Often” or “All the
Time”/ Total # of youth reporting
Credit
Youth participants who have
pulled their credit report:

Baseline: # youth reporting having
pulled their credit report/ Total # of
youth reporting

Completion: # youth reporting having
pulled their credit report/ Total # of
youth reporting
Free Application for Federal Student Aid (FAFSA)
Youth participants who have
completed a FAFSA:

Baseline: # youth reporting having
pulled completed a FAFSA/ Total # of
youth reporting
Completion: # youth reporting having
pulled completed a FAFSA/ Total # of
youth reporting

income?
Answer Options: Never, Rarely, Often,
All the time

Ask youth the following question on
application/intake survey AND exit
survey/interview:
Have you pulled your credit report?
Answer Options: Yes, No, Don’t Know, Not
Applicable

Ask youth the following question on
application/intake survey AND exit
survey/interview:
Have you completed a FAFSA?
Answer Options: Yes, No, Don’t Know, Not
Applicable

*All of the questions listed above should be asked at both at the beginning of the program and at the end in
order to determine whether changes have occurred in youth behavior since receiving training on financial
capability skills. We recognize that not all youth participants will fill out an exit or completion survey, which is
why it is very important to capture the total # of youth reporting at each time period as well as the specific
youth metric. However, these questions do not need to be asked individually, which maybe be unnecessarily
burdensome, but rather can be combined into three questions as follows:
How often do you? (Answer Options: Never, Sometimes, Often, All the Time) 1
a. Track how you spend your money
b. Use a personal budget to plan how you spend your money
c. Save a portion of your income
Do you currently have any of the following? (Answer Options: Yes, No, Don’t Know)
a. Checking Account
b. Pre-paid or payroll card (e.g., cards that you can add money to and not gift or phone cards)
c. Savings Account
Have you ever? (Answer Options: Yes, No, Don’t Know, Not Applicable)
a. Checked your credit report?
b. Completed a Free Application for Federal Student Aid (FAFSA)?

1

Survey item source: Vernon Loke, Laura Choi, and Margaret Libby. (2015), “Increasing Youth Financial Capability: An Evaluation of
the MyPath Savings Initiative.” Journal of Consumer Affairs, Journal of Consumer Affairs 49 (1) (2015): 97–126.