The White House will convene a first ever White House Summit on Financial Capability & Empowerment on May 10, 2012, in Washington, D.C.
As our economy turns the corner, bolstering the capability of Americans to make sound financial decisions is a key part of our strategy to create an economy built to last. From saving for retirement and higher education to better understanding credit card and mortgage debt as borrowers, these personal finance decisions have important implications for working Americans, families, and our country’s economic growth and stability.
The summit will draw attention to the importance of financial empowerment for all Americans, with particular focus on low and moderate income Americans. In addition to celebrating model actors and new efforts to promote financial capability among American workers, youth, families, and communities, the White House will also encourage other institutions to make tangible commitments to promoting financial capability.
The U.S. President's Advisory Council on Financial Capability is chaired by businessman John Rogers, and Amy Rosen, CEO of the National Foundation for Teaching Entreprenuership (NFTE), serves as vice chair. Other subcommittee chairs include Carrie Schwab-Pomerantz and Ted Beck and myself.
A special thank you to Bob Solomon and Ellen Chube on behalf of Chairman Rogers, Melissa Koide and Louisa Quittman of the U.S. Department of the Treasury, and from the White House Urban Policy office, Ms. Racquel Russell and Diana Zarzuelo.