NEW YORK, Aug. 31 /PRNewswire/ -- Returning to her home state to
participate in her party's national convention, former NY Representative and
current National Chairperson for Americans for Consumer Education and
Competition (ACEC), Susan Molinari, moderated a panel on financial literacy at
Chelsea Piers today that focused on the lack of overall education of money
management skills in American and the direction the country must take to
prepare for the future.
"It is appropriate that we gather today in my great state of New York, the
financial pulse of this country and this week, the epicenter of national
political debate," Molinari told panelists of the "Tee It Up for Financial
Literacy Forum" sponsored by the Savings Coalition of America. "When today's
leaders debate the economic issues ahead, let it be a reminder to all of us
that the more knowledgeable our young people are about money management
skills, free market competition and sound financial principles, the better.
They are our future leaders and it is vital now that we arm them with the
educational tools to lead us successfully in the years ahead."
The forum focused on the fact that financial literacy is deficient across
all generations and all socio-economic levels, and examined some of the
programs that are already in place to address those deficiencies. Two panels
discussed financial education across all age groups -- the first on children
and teens, and the second panel focused on the need for continued financial
education for adults, including Baby Boomers and seniors.
"No one wins when a consumer is faced with learning money management
lessons through trial and error," noted Molinari. "Today's panel is
representative of the groundswell movement in this country to promote
financial literacy across the spectrum. And if you have access to the
Internet, you have access to information that can assist you in honing your
money management skills," said Molinari.
Molinari pointed out that Visa's Practical Money Skills for Life program
provides interactive tools, quizzes and lessons on important topics like
balancing a budget and managing credit cards. The Web site component of the
program has content for everyone, whether one is an Internet shopper looking
for fraud prevention tips, a teacher preparing a class on personal finance, or
a parent about to send a student off to live alone at college.
"Quite simply, being financially literate is essential to controlling,
rather than being controlled by one's financial circumstances throughout
life," Molinari stated. "I applaud the Savings Coalition of America for
sponsoring today's forum and thank the panelists for their leadership on the
issue of financial literacy."
SOURCE Americans for Consumer Education and Competition
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Related links:
http://www.acecusa.org
CONTACT:
Rebecca Reid, Executive Director of the
Americans for Consumer Education & Competition, +1-202-342-2922,
or Cell: +1-410-212-3843
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