The purpose of the Council is to advise the President and the Secretary of the Treasury on how to promote the financial capability of young Americans. In June 2015, recommendations were published on ways to empower individuals to make informed choices; plan and set goals; avoid pitfalls; know where to seek help; and take other actions to better their present and long-term financial well-being.
Click here to read the final report.
The legislative purposes of the Commission are to monitor the implementation of public and private initiatives to improve the financial education and capability of residents of the state; and make recommendations on the coordination of financial education and capability efforts across state agencies.
Click here to learn more about the Commission.
In response to the report by theTask Force to Study How to Improve Financial Literacy in the State, the Maryland State Department of Education established a Financial Literacy Education Advisory Council. The Council is charged to provide guidance and advice to the Maryland State Department of Education to develop, implement, monitor, and sustain personal financial literacy education. The goal is to prepare student to make sound financial decisions and use resources that help to prepare them for both postsecondary education and competitive employment.
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