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Fast Facts: Financial Literacy

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Fast Facts: FINANCIAL LITERACY

Part II: Working Together


The federal government, state government, schools, non-profits, and financial services companies working together to improve financial literacy in America.

FACT: 25 states require personal finance instruction to be incorporated into high school coursework. Four states (Missouri, Tennessee, Utah, Virginia) require a full semester course devoted to personal finance.

View state-by-state requirements here.

FACT: As of 2009, over 50 federal financial literacy initiatives were under way, spread widely among many different federal agencies.

FACT: Financial service companies offer free financial education such as:

The Allstate Foundation

Moving Ahead Through Financial Management: A Financial Education Program to Break the Cycle of Domestic Violence

AXA Financial, Inc.

Women's Guide to Retirement and Retirement Planning

BB&T Corporation Learn & Plan Financial Education

BBVA Compass Financial Education

Capital One Financial Corporation MoneyWi$e.org: An adult financial literacy program Bank It: A financial literacy program for youth and their parents

Charles Schwab Corporation, The Money Matters: Make it Count Schwab MoneyWise

CitiGroup Inc. Financial Education Curriculum

City National Corporation Dollars + Sense Financial Literacy Program

First Commonwealth Financial Corporation

Financial Education

Genworth Financial My Money My Future

HSBC North America Holdings, Inc. YourMoneyCounts

JPMorgan Chase & Co. Financial Education Library

KeyCorp Financial Education

MasterCard Worldwide Priceless Pointers Kids, Cash, Plastic and You

The PNC Financial Services Group, Inc. School Bank Program HomeBuyer Club First-Time Home Buyer Education

Principal Financial Group Dream Again Planning Center

Raymond James Financial, Inc. FDIC Money Smart Bank on St. Pete Program Project Prosper Junior Achievement Teach Children to Save Day annual event HOPE Expo Raymond James sponsors/hosts the HOPE Expo, which includes home buyer and other financial literacy classes. RBC Bank USA

Everyday Financial Advice

RBS Americas (Citizens Financial Group, Inc.) MoneyHelp

Regions Financial Corporation Scholars & Dollars FDIC MoneySmart for Young Adults (Ages 12-20) FDIC MoneySmart for Adults (English) (Spanish) Partner with Freddie Mac to ensure local non-profits have access and are trained on "Credit Smart." Partner with Cemark to provide "How to do your Banking" in schools throughout Regions' footprint

State Farm Insurance Companies Finances Learning Center Make It Possible Program

TD Bank

Unum

WOW! Zone

20 Ways to Take Advantage of Your Company Benefits Plan

U.S.Bancorp U.S. Bank Credit Wellness Center U.S. Bank Center for Economic Education at Dominican University U.S. Bank Financial Scholars Powered by EverFi Teach Children to Save Get Smart About Credit Junior Achievement FDIC Money Smart FDIC Money Smart for Young Adults FTCs Preventing Identity Theft U.S. Bank of Bearville: Expanding the reach of financial education

Visa Inc. Practical Money Skills for Life

Wells Fargo & Company Hands on Banking / El futuro en tus manos

FACT: At least 34 financial literacy programs are available for free for individual or classroom use. Of these programs, 22 curricula can be completed online, and 6 curricula provide free volunteer tutors.

Financial literacy is about more than basic banking. It is about retirement savings, insurance, student loans, helping the underbanked, serving the military, and more. The Financial Services Roundtable keeps track of the various financial literacy efforts of member companies in each of these categories. Contact Judy Chapa, VP of Financial Literacy, at judy@fsround.org for more information. (As promised, answers to last weeks quiz questions from the U.S. Treasurys Financial Capacity Challenge: 1. C, 2. C, 3. B, 4. A, 5. B)

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