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

Personal Finance Notebook: Learning the score on handling money

Are you smarter than the average 12th-grader? Try this quick financial IQ test:

1. Which of the following tends to have the highest growth over long periods, say 18 years?

a) A checking account.
b) Stocks.
c) A U.S. savings bond.
d) A savings account.

Read the complete article from the Sacramento Bee 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.