Since its establishment in 2003, the Financial Literacy and Education Commission (FLEC) has coordinated the federal government's efforts in promoting financial literacy, education and capability. The FLEC manages its activities collaboratively, focusing on direct education and outreach, supporting practitioners, and promoting research and evaluation. The Strategy for Assuring Financial Empowerment (SAFE) Report 2016 highlights the actions taken by FLEC in the past year. Continuing its strategic focus of "Starting Early for Financial Success," the FLEC has concentrated on reaching children, youth and young adults at the early stages of life to help them prepare for their financial futures. This work and this 2016 Report have been organized into three broad categories: financial capability and college and career readiness for young people; starting early for financial stability and long-term savings and investing; and research and evaluation. In each of these sections, recent federal financial education materials and actions are described. Special attention is focused on historically underserved communities that have lacked access to financial literacy materials and education. Following these sections, this report provides other updates on FLEC's work for the last year and the plan for the year ahead. [For the 2015 report, see ED607394.]