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Recently Passed: Financial Literacy Month for All Americans
4/29/2009 Passed House without amendment. (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Supports the goals and ideals of Financial Literacy Month, including raising public awareness about financial education. Recognizes the importance of managing personal finances, increasing personal savings, and reducing personal debt in the [...]
5 Reasons to Convert to a Roth IRA
After waiting nearly four years, a new group of American workers is about to have access to the Roth Individual Retirement Account (IRA). Beginning in January 2010, most individuals who have a modified adjusted gross income (MAGI) of more than $100,000 will be able to convert a portion of their retirement savings from their traditional IRA [...]
Congress Considering: Congress to Speed up Credit Card Law
Both consumers and credit card customers scratched their heads over the timing of the Credit Card Reform Act – it doesn’t kick in until February 2010. Why the delay? Nobody seems to know for sure. Now, Congress is revisiting the issue – and is exploring the notion of triggering the new law in December. Read [...]
Congress Considering: Bill Aims to Make Financial Literacy a Curriculum Goal
We are facing the worst financial crisis since the Great Depression, in large part because of irresponsible financial practices that led to the subprime mortgage market’s collapse. To help protect our families from future crises, we need to empower people to make intelligent financial decisions. The key is financial literacy education before students enter the [...]
Americans Unchanged One Year After Fall of Lehman Bros.
Tuesday marks one year since the bankruptcy of Lehman Brothers brought the American economy, and by extension the world, to near financial collapse. By year’s end the Dow Jones Industrial Average fell more than in any year since 1931. Americans’ lost a fifth of their household wealth, by far the largest annual decline since the [...]
