President’s Advisory Council on Financial Capability

The work of the President’s Advisory Council on Financial Capability for Young Americans

April 14 The work of the President’s Advisory Council on Financial Capability for Young AmericansBy Beth Kobliner, Member of the President’s Advisory Council on Financial Capability for Young Americans; Author of the New York Times bestseller Get a Financial Life.

I certainly hope I’m wrong about this one.

But when results from the first PISA international test of financial literacy are released in July, I have a sneaking suspicion that the financial know-how of young Americans will be disappointingly low when stacked up against their peers around the world. But hey: If that turns out to be true, let’s not blame a bunch of 15-year-old kids (they’re the ones who took this Program for International Student Assessment test back in 2012). No, we grown-ups should be pointing the finger right back at ourselves. The fact is we are not adequately preparing our kids for a financial literacy test—or, more importantly, for the real-life tests to come as these young adults make their way in a complex financial world. Thanks to the CEE’s annual Survey of the States, we know that while four additional states now require students to study personal finance, that makes just 17 states total.

We can do better—and we will do better. Read more…

POSTED: April 14, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , ,

Growing up Financially Literate

AmyRosen NFTE Headshot 223x300 Growing up Financially LiterateBy Amy Rosen, President & CEO, Network for Teaching Entrepreneurship; Vice-Chair, President’s Advisory Council on Financial Capability.

America must make a choice to become financially literate, and we must start acting now with our youngest generation. During the past half-decade we have been unfortunate witnesses to the consequences of debt and poor financial decisions. We have seen the suffering of families on a micro level and experienced the macro pains in small towns and big cities. Let’s seize this opportunity to make a change. We can improve ourselves while offering young people the best foundation for their future and for our country. Read more…

POSTED: April 8, 2013 | BY: Leslie Rasimas | TAGS: , , , , ,

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