 | The examples and perspective in this article may not represent a worldwide view of the subject.(September 2013) |
Financial Literacy Month is recognized annually in Canada in November, [1] and National Financial Literacy Month was recognized in the United States in April 2004, [2] in an effort to highlight the importance of financial literacy and teach citizens how to establish and maintain healthy financial habits.
November of every year is Canada's Financial Literacy Month. [1] The month is organized by the Financial Literacy Action Group (FLAG), a coalition of 7 non-profit organizations who work with the federal government body Financial Consumer Agency of Canada (FCAC). [1]
Throughout November FLAG organizes events across Canada to educate and engage with the public regarding the need for financial literacy and promote services available to the public:
[FLAG] raises awareness of the need for financial literacy and highlights the programs, services and tools available to help Canadians improve their financial knowledge, skills and confidence. [3]
The purpose of this month is to educate the public so Canadians are equipped to:
Many of the country's financial institutions (such as Planswell, Wealthsimple, RBC) and nonprofit financial educational organizations promote the month by creating educational material and hosting promotional events that center around topics of personal finances.
Financial Literacy Month grew out of Youth Financial Literacy Day, which originated with the National Endowment for Financial Education (NEFE) as an activity of its High School Financial Planning Program. [4] NEFE passed responsibility for Financial Literacy Day over to the Jump$tart Coalition which now promotes it with its partner organizations. [4] Jump$tart Coalition began promoting April as Financial Literacy for Youth Month in 2000. [4] The title was eventually shortened to Financial Literacy Month. [4]
In 2003 the United States Congress showed its support for the idea of a financial literacy month when Senate Resolution 48 and House Resolution 127 asked President George W. Bush to declare April Financial Literacy for Youth Month. At that time, governors of eight states had already named the month of April as such. [5] April 2004 was named National Financial Literacy Month by the passing of Senate Resolution 316 [2] with unanimous consent. [6]
In April 2005, the United States House of Representatives passed a bill supporting the goals and ideals of Financial Literacy Month for April 2005. [7] This bill, and the resolution passed by the Senate, called on President Bush to issue a proclamation calling on Federal Government, States, localities, schools, nonprofit organizations business and the people of the United States to observe the month with appropriate programs and activities. [7] During his time in office, President Bush did not issue a proclamation.[ citation needed ] President Obama proclaimed April as National Literacy Month in least two years of his time in office. [8] [9]
During Financial Literacy Month in 2006, The Financial Literacy and Education Commission unveiled a new national strategy in their report "Taking Ownership of the Future: The National Strategy for Financial Literacy". [10] The report outlined a series of outreach and education goals for the public and private sectors aimed to help Americans improve their understanding of financial issues such as credit management, savings, and home ownership. [10]
Throughout the years, multiple states have also proclaimed April as Financial Literacy Month including Arkansas, [11] Oklahoma, [12] Pennsylvania, [13] and Texas. [14]
David Albert Scott is an American politician and businessman who has served as the U.S. Representative for Georgia's 13th congressional district since 2003. Scott's district includes the southern fourth of Atlanta, as well as several of its suburbs to the south and west. Prior to his election to Congress in 2002, Scott served as a Democratic member of both chambers of the Georgia Legislature and operated a small business. Notably, Scott was named one of the 25 most corrupt members of Congress by the political watchdog group Citizens for Responsibility and Ethics in 2007. In 2021, he succeeded veteran politician Collin Peterson to become the chair of the House Agriculture Committee.
Tartan Day is a North American celebration of Scottish heritage on 6 April, the date on which the Declaration of Arbroath was signed in 1320. It originated in Canada in the mid-1980s. It spread to other communities of the Scottish diaspora in the 1990s. In Australia the similar International Tartan Day is held on 1 July, the anniversary of the repeal of the 1747 Act of Proscription that banned the wearing of tartan.
Women's History Month is an annual declared month that highlights the contributions of women to events in history and contemporary society. It is celebrated during March in the United States, the United Kingdom, and Australia, corresponding with International Women's Day on March 8, and during October in Canada, corresponding with the celebration of Persons Day on October 18.
Education and Sharing Day is a day established by the United States Congress in honor of the Rebbe, Rabbi Menachem Mendel Schneerson. It calls for increased focus on education, and recognizes the lifelong efforts of the Rebbe for education. Since 1978, Education & Sharing Day, USA has been proclaimed annually by the President on the Rebbe's birthday on the Jewish calendar, which is four days before Passover and thus generally can fall between March 21 and April 21 on the Gregorian calendar.
A consumers' co-operative is an enterprise owned by consumers and managed democratically which aims at fulfilling the needs and aspirations of their members. They operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit. Consumers' cooperatives often take the form of retail outlets owned and operated by their consumers, such as food co-ops. However, there are many types of consumers' cooperatives, operating in areas such as health care, insurance, housing, utilities and personal finance.
Asian American and Pacific Islander Heritage Month is a period for the duration of the month of May for recognizing the contributions and influence of Asian Americans and Pacific Islander Americans to the history, culture, and achievements of the United States.
Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Raising interest in personal finance is now a focus of state-run programs in countries including Australia, Canada, Japan, the United States, and the United Kingdom. Understanding basic financial concepts allows people to know how to navigate in the financial system. People with appropriate financial literacy training make better financial decisions and manage money better than those without such training.
National Ice Cream Month is celebrated each year in July and National Ice Cream Day is celebrated on the third Sunday in July, in the United States.
Grandparents' Day or National Grandparents' Day is a secular holiday celebrated in various countries, It is celebrated to show the bond between grandparents and grandchildren. It occurs on various days of the year, either as one holiday or sometimes as a separate Grandmothers' Day and Grandfathers' Day.
Net Literacy is an Indianapolis based 501(c) non-profit organization that promotes computer and Internet literacy. The program is youth-run, with adult mentoring. All participants receive instruction for free.
AWARE is a national nonprofit organization that was formed in 2005 to enhance consumer understanding of the vehicle financing process.
Jewish American Heritage Month (JAHM) is an annual recognition and celebration of American Jews' achievements and contributions to the United States of America during the month of May.
The No Child Left Inside movement in the United States seeks to encourage and provide funding for environmental education. Its stated goals include the enhancement of environmental literacy between kindergarten and 12th grade and fostering of understanding, analysis, and solutions to environmental challenges.
The Jump$tart Coalition for Personal Financial Literacy is a US non-profit coalition of national organizations seeking to advance the financial literacy students from pre-kindergarten through to college-aged. The coalition endeavors to provide young people with lifelong financial decision-making skills. By working together with its 150 national partners, the Jump$tart Coalition provides advocacy, research, standards and educational resources. It is headquartered in Washington, DC.
S.C. State Credit Union, a federal credit union commonly known as "State Credit Union," is headquartered in Columbia, South Carolina. It is the sixth largest credit union in the state measured by asset size, according to National Credit Union Administration reports as of September 2010. State Credit Union serves over 225,821 members and has assets of over $2.96 Billion as of October, 2020.
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Annamaria Lusardi is an Italian-born economist and the Denit Trust Distinguished Scholar and Professor of Economics and Accountancy at The George Washington University School of Business, where she also serves as the Academic Director of the Global Financial Literacy Excellence Center. Her interests focus on financial literacy and financial education.
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In 2012, the Parliament of Canada proclaimed each November as Financial Literacy Month.
States that the Senate designates April 2004 as Financial Literacy Month to raise public awareness about the importance of financial education in the United States and the serious consequences that may be associated with a lack of understanding about personal finances.Sponsored by Sen. Daniel Akaka D-HI.