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The Federal Government's Role in Empowering Americans to Make Informed Financial Decisions 042909



Government and private studies, statistics, and national surveys indicate that far too many Americans of all ages lack the knowledge and skills necessary to make informed decisions regarding their personal finances. Without a sufficient understanding of economics and personal finance, individuals will not be able to manage their finances appropriately, effectively evaluate credit opportunities, successfully invest for long-term financial goals, or be able to cope with difficult financial situations. This hearing will review the progress of the activities of the Financial Literacy and Education Commission, and examine the effectiveness of federal financial education programs.

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Panel 1

  • Accompanied by Dr. Raymond J. Kirk
    Manager of the Benefits Officers Training and Development Group
    U.S. Office of Personnel Management
  • The Honorable   John Berry
    U.S. Office of Personnel Management
    Download Testimony (118k)
  • Mr.   James H. Shelton, III
    Assistant Deputy Secretary
    U.S. Department of Education
    Download Testimony (1860k)
  • Mr.  Arthur J. Myers
    Principal Deputy and Acting Under Secretary of Defense for Military Community and Family Policy
    U.S. Department of Defense
    Download Testimony (88k)
  • Ms.  Sandra F. Braunstein
    Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System
    Download Testimony (77k)
  • Richard J. Hillman
    Financial Markets and Community Investment Team, U.S. Government Accountability Office
    Download Testimony (193k)

Panel 2