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Financial Education
Basic financial knowledge is essential for young people’s preparation for the decisions that will be required of them as adults. Action for Children advocates for programs that teach children basic financial skills and ensures households have access to affordable financial services to build savings.
Understanding basic economic concepts has become an essential part of living and working in modern American society. Indeed, a stable and competitive North Carolina economy requires its workforce and consumers to be financially savvy. While some schools, banks and other agencies provide financial education services in North Carolina, they are not coordinated, universally available or identified at one point of contact. The current economic crisis has shown a need to make accessible the institutions and information that can promote sound financial decision-making and greater opportunities to save and ensure household financial stability.
Legislative Information:
In 2009, Action for Children built a coalition of more than 40 organizations that advocated for the establishment of a Financial Literacy Council in North Carolina. Legislation establishing the Council passed during the 2009 legislative session. The Council will serve as a coordinating body of state agencies, private sector institutions and non-profits working on financial education, consumer protection and asset building.
Governor Perdue is currently appointing members to the Council. Check back soon for updates on the Council's progress.
More Information
