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Financial Literacy

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The President’s Council on Financial Literacy was recognized Monday, as part of an event at the New York Stock Exchange (NYSE) commemorating "Financial Literacy Month."  Immediate Past Board Chair for SHRM, Janet Parker, currently serves as a member of the President’s Council.

In addition to conducting a Closing Bell Ceremony recognizing financial literacy efforts, the NYSE hosted a roundtable on the importance of promoting financial literacy in minority communities.  Representatives from various groups, including the U.S. Pan Asian American Chamber of Commerce and the Hispanic Chamber of Commerce, spoke about challenges of increasing opportunities for making financial education culturally relevant.   

Representative Sheila Jackson Lee (D-TX) participated in the event and highlighted her bill, H.R. 1325, which requires educational institutions to provide at least four hours of financial education to any student using federal student loans.

During the ceremonies, members of the President’s Council on Financial Literacy were recognized for their work to help increase financial literacy among Americans.  The Council, which is authorized through 2009, produced an Annual Report to the President at the end of last year containing 15 recommendations for the federal government.

The NYSE roundtable and Bell Ceremony were organized by the NYSE and Operation HOPE.  Operation HOPE’s Chairman and CEO, John Hope Bryant, also serves as the Vice Chairman of the President’s Council.


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The next issue of HR Issues Update will be published on Friday, May 15, 2009.


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