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Symposium 2012

Solution for Improving Financial Education and Literacy

The Challenge

As governments face increasing debt burdens and companies too face significant cost burdens, there is a clear movement towards individual responsibility for financial planning for retirement. This mov ...

As governments face increasing debt burdens and companies too face significant cost burdens, there is a clear movement towards individual responsibility for financial planning for retirement. This movement is happening at precisely the time that individuals themselves are feeling more insecure about the future in the face of declining job security and the increased reluctance of financial institutions to provide credit.

Develop minimum standards for financial education covering savings, credit, investment, and financial fraud.

Financial education needs to be reinvented to incorporate broad training on savings, credit, investment and financial fraud. Minimum standards will help to set basic expectations and provide a means for broad implementation by governments, employers and financial institutions.

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