United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2004-11-15 monographic deposited born digital 25 p. GA 1.13:GAO-05-93SP https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-93SP P0b002ee18037c844 f:d0593sp DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-05-93SP machine generated eng fdlp REPORT GAOREPORTS-GAO-05-93SP GAO-05-93SP Consumer education Financial management Government information dissemination Interagency relations Reporting requirements Conferences Public/private partnerships Other Written Product A13412 Research has shown that many Americans lack the knowledge of basic personal economics they need to make informed financial judgments and manage their money effectively. Yet financial literacy is increasingly important in a world where consumers must choose from an array of complicated financial products and services and employees must take on more responsibility for their retirement savings. Title V of the Fair and Accurate Credit Transactions Act of 2003, known as the Financial Literacy and Education Improvement Act, created the Financial Literacy and Education Commission, comprised of 20 federal agencies, and charged it with coordinating federal efforts and developing a national strategy to promote financial literacy. The act also mandated that GAO report on recommendations for improving financial literacy among consumers. To help in developing our work, on July 28, 2004, GAO hosted a forum on the role of the federal government in improving financial literacy. Forum participants included experts in financial literacy and education from federal and state agencies, the financial industry, nonprofit organizations, and academic institutions. Participants discussed the topics federal efforts should cover, populations that should be targeted, methods of delivering information, and the role of program evaluation. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-93SP/html/GAOREPORTS-GAO-05-93SP.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-93SP/pdf/GAOREPORTS-GAO-05-93SP.pdf GAO-05-93SP https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-93SP Other Written Product GAO-05-93SP; Highlights of a GAO Forum: The Federal Government's Role in Improving Financial Literacy; Consumer education Financial management Government information dissemination Interagency relations Reporting requirements Conferences Public/private partnerships Volume 117 Page 2003 117 Stat. 2003 Public Law 108-159