The big news this week, of course, was the release of the FINRA and U.S. Treasury sponsored survey, Financial Capability in the United States which gave some insight on the poor state of financial literacy in the U.S.
Financial literacy and knowledge is certainly a trending topic and we’re glad to be a part of wave.
Here are some more links we found worth reading:
- Here’s an fun idea to get young students, in grades 3-12, thinking about financial literacy, the National Foundation for Credit Counseling is hosting the 2010 National Be Money-Wise Financial Literacy Poster Contest. It’s an opportunity for participants to win a $100 savings bond or a trip to Washington DC. This blog has a good summary of the contest and rules.
- The folks over at the Motley Fool have dedicated their 2009 Foolanthropy campaign to Financial Literacy donating $0.10 (up to $20,000) for every article comment, blog post or blog post comment to a local school up until January 8, 2010 (so there’s still time to help out). [May require free registration to access some articles]
- This holiday season give the gift of financial literacy by sharing these 10 simple tips.
- The Consumer Financial Protection Agency got one step closer to becoming a reality by passing a key house vote, but not without a lot of compromise leaving certain financial products outside its jurisdiction. It would still need to pass the Senate and the two versions would need to be reconciled. The purpose of this agency, among other things, would be to make sure marketing and financial disclosures are easy for consumers to understand and for conducting financial literacy education and research.
