Sources of Financial Literacy Education Curriculum

Jump$tart's aim is to identify high-quality personal finance materials for educational use. The Clearinghouse is a database of personal finance resources available from a variety of education providers such as government, business and non-profit organizations. Once you find a material of interest, you can order it directly from the source. Many of the materials are low cost or free of charge. Teachers often use these personal finance teaching materials to support their state's standards in economics, business, math and family and consumer science. www.jumpstart.org

You are invited to Meet and Greet

Please join us for the FLCCT, Inc. Meet and Greet event to be held this Wednesday, June 10 at the Texas Bankers' Association Bldg. (corner of 10th and Lavaca downtown), 5:30 - 7:00 p.m. A new member orientation session will begin at 7:00 p.m. for those who are interested. Please rsvp at 512 854-9600.

Congratulations and Welcome to New Members

Peggy Lee Pleasant of Austin Energy 

and 

Shalana Poole of Edward D. Jones

We look forward to working with Peggy and Shalana. 

Financial Literacy Survey is Dis-heartening

Fin-lit survey results 'disheartening'

WASHINGTON (4/28/09)--About 41% of adults say they'd give themselves a C, D or F on financial literacy, according to the 2009 Consumer Financial Literacy Survey.

Complete results of the survey are scheduled to be unveiled today at a congressional briefing on Capitol Hill. One thousand adults age 18 and older participated in the survey.

Other findings:

• 26% admitted to not paying all of their bills on time;
• 32% reported that they have no savings; and
• 33% said they do not put any part of their income toward retirement; up from 28% in 2008.

The report indicated that if the survey results were applied to the general population, it would show that more than 58 million adults do not pay their bills on time, 72 million have no savings, and more than 74 million do not put any part of their income toward retirement.

"These results are disheartening, but certainly not surprising," said Jim Hanson, vice president of the Credit Union National Association's (CUNA) Personal Finance department. "We know that financial literacy challenges are significant among all consumer demographic groups, not just among youth or new immigrants. And while there is no shortage of financial education materials available to consumers, the issue has often been about creating demand for financial education.

"In today's economic market, the demand should certainly be there. Educating consumers about wise money management won't happen overnight. It's a marathon, not a sprint," he added.

The phone survey is conducted annually to gauge the financial literacy of Americans. The results were tracked by sex, age, ethnicity, income level, geographic region, and education and tracked over the three-year period, when available.

Busy time at FLCCT

Posting has been absent for a while, but things are about to pick up now.

Check out www.flcct.org

It is a great resource!

Check out our new accessible web site

www.flcct.org

The site was developed through a project sponsored by Knowbility called the Austin Internet Rally. A team from PayPal developed the site to meet the accesibility requirements of Knowbility.

Thanks to Nicole Sims-Stuard from PayPal for all her dedicated work.