What is National Financial Literacy Month?

As chief strategist/consumer education for Charles Schwab & Co. Inc., Schwab-Pomerantz is a leading advocate for individual investors. She speaks and writes extensively about personal finance issues and is a driving force in the movement to improve financial literacy in America. As president of the Charles Schwab Foundation, she also oversees the company's philanthropic strategy and resources.

With her father, company founder, chairman and CEO Charles R. Schwab, Schwab-Pomerantz co-authored "It Pays to Talk: How to Have the Essential Conversations With Your Family About Money and Investing," which Publishers Weekly called "a well-rounded primer that provides one-stop shopping for the many phases of financial understanding and planning."

Schwab-Pomerantz is a sought-after speaker whose public appearances have included appearances on "The Today Show," CNBC and NPR. In 2001, Working Woman magazine recognized her as one of four “Market Movers” in America who are “rewriting the rules of finance,” and she was also recognized as one of the “25 power Elite” in the financial services industry by Investment News. For four consecutive years, The San Francisco Business Times has named her one of the San Francisco Bay Area’s 100 Most Influential Women in Business.

A graduate of the University of California, Berkeley, with a bachelor’s degree in Political Science, Schwab-Pomerantz later earned a master’s degree in business administration from George Washington University. She holds NASD Series 7, 63 and 8 registrations. 

  • Transcript


Question: What is National Financial Literacy Month?

Carrie Schwab: Financial literacy in this country [USA]; as lack of it has become a huge issue in our country, in fact it become a national economic issue. So much so that President [George W.] Bush just recently in January [2008] created a presidential council on financial literacy with advisors from all backgrounds in the profit and non-profit area.

The lack of financial literacy right now is something that affects Americans from all walks of life. It affects you, it affects our colleagues, our friends, our neighbors and it is not applying to gender or socioeconomic status. So, Congress deemed April financial literacy month, because it is an issue that we need to create more awareness and more ownership for within the family and within the workplace.

Recorded on: March 27, 2008