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Financial Planning > Behavioral Finance

Feds To Develop Financial Literacy Education Strategy

By Allison Bell

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The federal Financial Literacy and Education Commission wants members of the public to help it develop a national strategy for promoting basic financial literacy.[@@]

Congress created the commission, an arm of the U.S. Treasury Department, when it enacted the Financial Literacy and Education Improvement Act in 2003. The commission is supposed to develop a national financial literacy strategy by June 2005, according to a notice by Dan Iannicola Jr., deputy assistant secretary of the Treasury, which appears today in the Federal Register.

Iannicola lists 3 questions in his request for comments:

- What are the 3 most important issues the national strategy should address, and why?

- What existing resources could be used to address those issues, and how could those resources be employed?

- What are the best ways to improve financial literacy and financial education in the United States?

“Commenters are urged to keep comments succinct and responsive to these questions,” Iannicola writes in the Federal Register notice.

More information is on the Web at //a257.g.akamaitech.net/7/257/2422/06jun20041800/edocket.access.gpo.gov/2004/pdf/04-19527.pdf

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