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As America recovers from the most severe financial crisis since the Great Depression, it’s critical that we strengthen every aspect of our financial system. That means not only strong reforms and consumer protections, but also improved financial literacy and financial access. The Obama Administration is committed to expanding the financial tools and education available to every American to help ensure that families are more secure for their financial futures.
Whether it’s homeownership, personal savings, or retirement planning, the financial well-being of every household can impact its community - and the financial well-being of our communities is crtical to our national financial stability. We have an opportunity now, as the Obama Administration works with Congress to make our financial system more stable and fair at the institutional level, to also strengthen financial capability at the individual level, because financial stability also relies on personal responsibility.
We believe that Americans deserve not only improved financial education, but also access to the tools and resources needed to make smart financial decisions. We call this comprehensive approach “financial capability.”
Financial Literacy and Education Commission - Resources and updates
President's Advisory Council on Financial Literacy - Resources and updates
National Financial Capability Challenge
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Last Updated:
June 18, 2010
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