April is 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.”

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