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"Financial education allows individuals and families to accumulate assets and achieve their financial goals. A positive spillover from that process is greater economic stability in our communities."

Charles L. Evans
President and CEO
Federal Reserve Bank of
Chicago

Practical Money Skills for Life

"There are many barriers to financial inclusion — from gender, to age, to education and from income, to geography, to language. No matter where you’re from or what you do, you are more likely to be financially included if you are financially literate."

Jason Alderman
Senior Director
of Financial Education
Visa Inc.

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The Role of Government in Financial Literacy

Monday, April 4, 2011  ·  Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago and Visa co–hosted the fifth annual Financial Literacy and Education Summit. The program featured leading financial literacy experts who addressed key issues related to the role of government in improving global financial literacy levels for people of all ages. The Summit focused on how government and financial education leaders, in collaboration with providers, can work together to equip consumers with the tools needed to make wise financial decisions. View the video.

FEATURED SPEAKER
Byron H. Pollitt
Chief Financial Officer
Visa Inc.
View Bio
Speaker
PANEL 1 DISCUSSION

What is Government’s Role in Improving Financial Literacy?

Maria Bartiromo, Moderator
Anchor of CNBC’s "Closing Bell"
Host and Managing Editor of the nationally syndicated "Wall Street Journal Report with Maria Bartiromo"
View Bio
Speaker
John W. Rogers, Jr.
Chair of President Obama’s Advisory
Council on Financial Capability
Chairman, Chief Executive Officer and
Chief Investment Officer
, Ariel Investments
View Bio
Speaker
Rosie Rios
Treasurer of the United States
United States Department of the Treasury
View Bio
Speaker
Charles L. Evans
President and Chief Executive Officer
Federal Reserve Bank of Chicago
View Bio
Speaker
Ian H. Solomon
United States Executive Director
The World Bank
View Bio
Speaker
PANEL 2 DISCUSSION

What is the Role of the U.S. Government in Improving Financial Literacy?

Janet Bodnar, Moderator
Editor
Kiplinger's Personal Finance Magazine
View Bio
Speaker
Roland A. Arteaga
Council Member
President Obama’s Advisory Council on Financial Capability
President and Chief Executive Officer
Defense Credit Union Council
View Bio
Speaker
Ted Beck
Council Member
President Obama’s Advisory Council on Financial Capability
President and Chief Executive Officer
The National Endowment for Financial Education
View Bio
Speaker
Richard G. Ketchum
Council Member
President Obama’s Advisory Council on Financial Capability
Chairman and Chief Executive Officer
Financial Industry Regulatory Authority
View Bio
Speaker
Carrie Schwab-Pomerantz
Council Member
President Obama’s Advisory Council on Financial Capability
President, Charles Schwab Foundation
Senior Vice President
Charles Schwab & Co., Inc.
View Bio
Speaker
PROGRAM

Welcome: Byron H. Pollitt
Chief Financial Officer, Visa Inc.

Panel 1 Opening Remarks: Maria Bartiromo, Moderator
Anchor, CNBC

Panel 1 Discussion: What is Government’s Role in Improving Financial Literacy?

Currency of Progress Video: Industrial Theatre Road Show in South Africa

Panel 2 Opening Remarks: Janet Bodnar, Moderator
Editor, Kiplinger’s Personal Finance Magazine

Panel 2 Discussion: What is the Role of the U.S. Government in Improving Financial Literacy?

Financial Literacy and Education Summit Concludes

Previous Summit Speakers Have Included
  • Ben S. Bernanke, Federal Reserve Board Chairman
  • Daniel Akaka, United States Senator
  • Anna Escobedo Cabral, United States Treasurer
  • Richard Riley, United States Secretary of Education
  • James Flaherty, Canadian Minister of Finance
  • Duncan Niederauer, NYSE Euronext Chief Executive Officer and Director
  • William Seidman, Federal Deposit Insurance Corporation Chairman
KEY QUESTIONS THAT WERE ADDRESSED
  • What is the role of government in improving global financial literacy levels for people of all ages?
  • How can financial literacy levels be improved in the current economy given dramatic government and school budget cuts?
  • What are the financial education needs for those faced with long-term unemployment?
  • How can government, NGOs, the private sector and educators work together to implement an effective, coordinated strategy for reaching consumers and equipping them with the necessary tools and resources to make wise financial decisions?
Who Attended
  • Economic and education government policymakers worldwide, including regulators and members of the legislative branch
  • Non-governmental organization (NGO) members
  • School administrators and educators interested in financial literacy and the global economy
  • Members of financial literacy and education advocacy organizations
  • International and regional economic organization members
  • Charitable foundations that support community and economic development
  • Academic professionals researching or developing financial literacy curricula
  • Journalists covering personal finance, economics, government and education