U.S. President's Advisory Council on Financial Literacy-Office of the Vice Chair Blog

U.S. Treasury Secretary Paulson Joins California Members of U.S. President's Advisory Council on Financial Literacy for Oakland Town Hall Meeting

Convened by Operation HOPE, Secretary's Visit Highlights Federal Government Efforts to Ensure Californians Facing Economic Challenges Are Kept Abreast of Available Resources. Read the complete story here.

Increasing financial literacy by the Los Angeles Times Editorial Board

What you don't know can hurt you.

January 27, 2008

In the not-so-distant past, redlining -- the practice of denying financial services to people based solely on their race, sex, surname or address -- deprived many Americans of the opportunity to build a prosperous life. Today many of us still suffer financially. But this time around, we're limited by too many choices rather than too few.

Jack Kosakowski, Member of President’s Advisory Council on Financial Literacy on C-SPAN Today

Jack Kosakowski, Member of President’s Advisory Council on Financial Literacy, discusses the efforts by the President's Advisory Council on Financial Literacy & Congress to help young people avoid future credit crises. Mr. Kosakowski is also president of Junior Achievement USA.
Washington, DC : 30 min. Get more information here.

President’s Council on Financial Literacy Supports Treasury Launch of Financial Access Pilot

Jacksonville, Fla. - The Treasury Department today launched a new initiative to increase financial education and bank and credit union accounts for Americans currently outside of the financial mainstream. The Community Financial Access Pilot will help selected U.S. communities provide low and moderate income people with needed access to financial services. The initiative was recommended by the President's Advisory Council on Financial Literacy. Read the complete article here.

Charles Schwab Foundation to Sponsor National Financial Literacy Challenge Awards

SAN FRANCISCO - (Business Wire) Charles Schwab Foundation today announced its sponsorship of awards for the winners of the newly-launched National Financial Literacy Challenge, a 35-question test of personal finance knowledge and understanding for high school students across the United States. The online, voluntary test is an initiative recommended by the President’s Advisory Council on Financial Literacy and sponsored by the Department of the U.S. Treasury. The test-taking window begins today and continues through May 16. Read the entire story here.

The President's Advisory Council on Financial Literacy Seeks Public Comments During Comment Period

The President's Advisory Council on Financial Literacy, which convened its first meeting on Wednesday, February 13, 2008, hereby solicits public comments on the state of financial literacy in the United States and proposed solutions to improve it. The comments must be submitted by May 23, 2008. To find out more information on how to submit a statement see below.

Cutler Dawson Speaks at Financial Literacy & Education Summit

Vienna, VA, April 22, 2008 -  On Monday, April 21, Vice Admiral Cutler Dawson, USN (Ret.), President and CEO of Navy Federal Credit Union, and member of the President’s Advisory Council on Financial Literacy participated in a panel discussion at the 2008 Financial Literacy & Education Summit in Chicago. This event was co-sponsored by the Federal Reserve Bank of Chicago and Visa, Inc., and focused on addressing the financial literacy and education challenges that many young people face in today’s economic environment.  The panel discussion topic, “The Need to Strengthen the Financial IQ of Generation Y,” addressed financial illiteracy and unmanageable levels of debt among college students and recent graduates given the backdrop of today’s economic climate.

Jacksonville to be part of financial education pilot program

Jacksonville is one of only eight cities in the country that will be part of a U.S. Treasury Department pilot program to provide financial education.  Read the complete story here.

Financial Literacy Goes to Capitol Hill

April 29, 2008 (SmartPros) — The annual Financial Literacy "Day on the Hill" took place Monday on Capitol Hill, showcasing money management education tools provided by more than 75 financial literacy organizations.

Read he complete story here.