Category Archives: New Milestones in Financial Literacy
Do We Really Need a New Government Agency to Promote Financial Literacy?
On April 2, 2010 President Barack Obama signed a proclamation designating April as Financial Literacy Month. In this eloquently worded document the President speaks of a new Consumer Financial Protection Agency. What would this new organization do, what will it be charged with? Will curriculum be added to the school requirements for graduation so that [...]
President Obama creates Financial Literacy Council
Last Friday, Obama signed an executive order creating an Advisory Council on Financial Capacity. The goal of the Council is to advise the President on promoting and enhancing financial literacy in the U.S Though this is a big step forward in financial literacy, the council will unfortunately expire in two years unless it is renewed [...]
National Financial Capability Challenge launched to promote financial knowledge among students
In the wake of the recent national financial literacy survey by FINRA and the U.S. Department of Treasury, a national program has been created to challenge teachers and students boost their financial knowledge. All U.S. high-school aged students are eligible to take part in the Challenge and Teachers, schools, school districts, home-school parents, and youth groups [...]
The Gap between Financial Knowledge and Real-World Behavior
The U.S. Department of Treasury with the FINRA Investor Education Foundation have just released their results from a national survey of about 1,500 Americans. Most significantly to us, this report revealed a large gap between the survey respondents’ self-assessed knowledge of financial and math knowledge and their actual behavior. While most respondents self-reported their financial [...]
Battle brews over money education
As the BBC reports, the government could face a battle over funding for a national money education scheme announced in the Queen’s Speech. Read the entire article from the BBC