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» Senator Patty Murray introduced the “Financial and Economic Literacy Improvement Act of 2009.” S. 638 would provide grants to promote financial and economic literacy. To view the bill, click here
» Become a financially intelligent parent. Click here for the resources to teach your children about finances, and pass along this information to your clients to take home to their kitchen tables.
» The GAO report cites financial literacy as a key concern. Efforts by the Financial Literacy and Education Commission have been met with limited results due to difficulties in coordination among federal agencies. Click here to read full report.
» Boost in Online Money Courses- Read this great article from the Wall Street Journal.
» The Peter G. Peterson Foundation and MTV's 24-hour college network mtvU are proud to announce that 25-year-old Brian Haveri of Milburn, NJ, who graduated from Lehigh University, has won the InDebtEd Digital Challenge and a $10,000 prize. Click here for more info.
» Financial Football- Visa and the National Football League have teamed up to help teach financial concepts with Financial Football, a fast-paced, interactive game that engages students while teaching them money management skills. Teams compete by answering financial questions to earn yardage and score touchdowns.
» The "Smart Money Quiz Show" is designed to teach you about banks and credit while you try to get out of debt by answering questions. You start out with $10,000 of debt. Work through each category of questions below. You must answer all of the questions, and each question is worth money. If you answer a question incorrectly, your debt will increase by the amount that question is worth. By answering the questions correctly, you will decrease your $10,000 debt.
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Read What the Experts Have to Say on the Importance of Financial Literacy...
Sarah Spear, JD, LLM
Director of Policy & Public Affairs, AALU
Click Here
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Guy Baker, CLU, ChFC, CFP, MSFS, MSM, RHU, CRWC, AEP
Managing Director, BTA Group
Click Here
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Art Kraus,ChFC, CLU
Capital Intellligence Associates
Click Here |
Sheila Bair, Chairman of the U.S. Federal Deposit Insurance Corporation
Click Here
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Ben Bernanke, Chairman of the Board of Governors of the United States Federal Reserve
Click Here
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Observations of our Current Environment
The need to educate clients and the public on the basic tools to gain financial independence is more critical now than ever. AALU created this website for its members to use with clients and to provide a community service to the general public.
- The government has a deficit reaching $1 trillion, a debt of $10 trillion, and $53 trillion in un funded, off-the-balance sheet liabilities;
- The American public has experienced a negative savings rate for the last two years;
- Government officials and recent reports by the Government Accountability Office and Congressional Research Service recognize the need for the private sector to take an active role in educating the public on retirement planning and fostering a new generation of individuals who are financially literate.
- AALU and MDRT have recognized that the life insurance industry is in a unique position to answer the call to action.
The need to educate clients and the public on the basic tools to gain financial independence is more critical now than ever. AALU created this website for its members to use with clients and to provide a community service to the general public.
- The clients tab houses helpful resources and documents for your clients to take home to their families and/or to the workplace for their employees.
- The Community tab allows you to be a leader in your community on Financial Literacy.
- The Insurance Literacy tab provides you with resources to help you speak with your clients and lawmakers about insurance literacy.
- The programs tab links you to other financial literacy programs to provide you with additional resources: both print material and multi-media.
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