United States Senators Joe Donnelly (D-Ind.), Jack Reed (D-R.I.) and Tim Scott (R-S.C.) co-hosted Jump$tart’s Financial Literacy Day on Capitol Hill on April 5. The Jump$tart Coalition for Personal Financial Literacy is comprised of diverse financial education stakeholders. The AICPA is a long-time member and sponsor of the event, which focused on the growing need for financial literacy resources.
During the event, the American Institute of CPAs (AICPA) was able to provide the more than 325 attendees, which included members of Congress and their staff, along with the public, with financial literacy resources offered by the 360 Degrees of Financial Literacy and Feed the Pig campaigns.
A few of these resources include the financial literacy version of the Bank On It game, calculators on 401(k) savings and accelerated debt payoff and weekly savings tips. Through the AICPA’s flagship 360 Degrees of Financial Literacy program, the national volunteer effort of CPAs to help all Americans understand their personal finances through every life stage, the AICPA has combined grassroots advocacy with free public resources and tools for CPAs to educate Americans of all ages.
In addition, Feed the Pig, the AICPA’s award-winning public service campaign with the Ad Council, has provided tools and resources aimed specifically at Americans aged 25-34, an age group that is making major life decisions, often with little financial experience or guidance.
In a separate, but related action, Representative Brad Sherman (D-Calif.) said in a speech on the Floor of the U.S. House of Representatives, “I join President Obama in recognizing April as National Financial Capability Month and highlight the vital role that the American Institute of Certified Public Accountants and state CPA societies play in educating all Americans. CPAs have been leaders in increasing the financial capacity of Americans by creating and distributing free programs, tools, and resources.”
For more information about the AICPA’s financial literacy efforts, visit the 360 Degrees of Financial Literacy website and Feed the Pig website.