On April 2, President Obama declared April as Financial Literacy Month. Along with the newly created Consumer Financial Protection Agency, their goals are to “ensure ordinary Americans get clear and concise financial information.” Also, in the proclamation the President wrote,
While our Government has a critical role to play in protecting consumers and promoting financial literacy, we are each responsible for understanding basic concepts: how to balance a checkbook, save for a child’s education, steer clear of deceptive financial products and practices, plan for retirement, and avoid accumulating excessive debts. To learn more, visit: MyMoney.gov or call toll-free 1-888-MyMoney for helpful guidance and resources.”
In other news
- Research shows that domestic violence survivors are more likely to leave abusive relationships if they are financially independent.(1) In light of this, The Allstate Foundation is recognizing National Financial Literacy Month this April by offering free financial literacy resources to help domestic violence survivors live safer and more secure lives. You can read the press release here.
- To kick off Financial Literacy Month the team at FoolProof has decided to highlight some of the worst credit card tricks that affect young people today.
Check out the full article from WalletPop. - A USA Today article highlights a high school in Tennessee that is teaching its students about personal finance through an in school bank.
We’re easing them into learning about borrowing money and the responsibilities that go along with that,” says Lynn Raymond a banking and finance teacher at the school.
