Our National Strategy for Financial Literacy

I found an interesting website today: http://www.mymoney.gov/

I’m still digging around the site but it looks like they have some great information. One item of particular interest is their publication “Taking Ownership of the Future” a part of the “National Strategy for Financial Literacy.” It’s filled with interesting stats and impressively a “action plan” to be taken by the US Government for every area of financial literacy. I’m going to take this one home for a read through and I’ll report back with any interesting facts.

Excerpt from that publication:

As a nation we have seen a marked decline in personal savings. Thirty-five years ago, 9.4 percent of disposable income was set aside for savings. In 2004, the comparable figure was 1.3 percent.