Federal Reserve Bank of Chicago

"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

"As we strive to improve the financial literacy of people in the United States as well as internationally, itís important that subject matter experts come together to share ideas and learn from one another. That is when solutions are discovered."

Jason Alderman
Senior Director of Global Financial Education
Visa Inc.

Why Financial Literacy Matters
Financial literacy has become a tour de force for all ages in today's society.
Read more

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View 2010 Financial Literacy & Education Summits
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View 2007 Financial Literacy & Education Summits

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International Solutions to Improving Financial Literacy

Monday, April 23, 2012  ·  Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago and Visa Inc. co-hosted the sixth annual Financial Literacy and Education Summit on April 23, 2012. The program featured international financial literacy experts who addressed potential solutions to improving financial literacy for people of all ages. The Summit focused on how global government and financial education leaders, in collaboration with providers, can develop these solutions to positively impact global financial literacy efforts. View the video.

FEATURED SPEAKER
Oliver Jenkyn
Group Executive, North America
Visa Inc.
View Bio
Speaker
PANEL 1 DISCUSSION

What are international solutions to improving financial literacy?

Janet Bodnar, Moderator
Editor
Kiplinger's Personal Finance Magazine
View Bio
Speaker
José Darío Uribe
Governor General
Banco de la República-Colombia
Head of Central Bank of Colombia
View Bio
Speaker
Gail Hillebrand
Associate Director
Consumer Education and Engagement Division of the U.S. Consumer Financial Protection Bureau
View Bio
Speaker
James Rajotte
Chairman
Standing Committee on Finance
Canadian Parliament
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Speaker
PANEL 2 DISCUSSION

Presentation of International Financial Literacy Research

Douglas Tillett, Moderator
Vice President, Public Affairs
Federal Reserve Bank of Chicago
View Bio
Speaker
Janet Bodnar
Editor
Kiplinger's Personal Finance Magazine
View Bio
Speaker
Caryn Kaiser
General Manager
Chase Blueprint, Chase Card Services
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Speaker
William Walstad
John T. and Mable M. Hay Professor of Economics
University of Nebraska-Lincoln
View Bio
Speaker
AGENDA
  • 9:00 a.m.  Summit Panel 1 discussion begins
  • 11:00 a.m.  Panel 1 discussion concludes
  • 11:00 a.m.  Break
  • 2:00 p.m.  Summit Panel 2 discussion begins
  • 3:30 p.m.  Panel 2 discussion concludes
KEY QUESTIONS THAT WERE ADDRESSED
  • Given that countries have unique economic and structural challenges, how do we find solutions to common financial literacy issues?
  • What are the biggest challenges when it comes to improving financial literacy both domestically and internationally?
  • What are key international solutions to improving financial literacy levels for people of all ages?
  • What are the most effective international financial literacy solutions in place today?
  • What are the critical tools necessary to improve financial literacy?
  • How can we influence positive consumer behavior with regard to financial habits?
  • What are the financial education needs for those faced with long-term unemployment?
  • How can financial literacy levels be improved in the current economy given dramatic government and school budget cuts
  • 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