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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