Fast Facts: Financial Literacy
Fast Facts: Financial Literacy
Fast Facts: Financial Literacy
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.
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:
Moving Ahead Through Financial Management: A Financial Education Program to Break the Cycle of Domestic Violence
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
Financial Education
The PNC Financial Services Group, Inc. School Bank Program HomeBuyer Club First-Time Home Buyer Education
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
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
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
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)