Financial Literacy Awareness and Education

Financial literacy is a significant issue in the U.S., affecting people across all demographics. In response, President Bush established the Presidential Council on Financial Literacy to address this national concern. The council includes advisors from various sectors. Financial literacy impacts everyone, regardless of gender or socioeconomic status. To raise awareness, Congress designated April as Financial Literacy Month, encouraging families and workplaces to take ownership of financial education.

What significant step did President Bush take to address financial literacy?

• He created a new tax policy.

• He organized a national financial literacy day.

• He established the presidential Council on financial literacy.

• He launched a financial literacy app.

Which of the following is NOT a focus of the presidential Council on financial literacy?

• Involving advisors from diverse backgrounds.

• Creating financial apps.

• Advising on financial education.

• Addressing national economic issues.

Who is affected by financial literacy issues in the United States?

• All Americans, regardless of gender or socioeconomic status.

• Only people in urban areas.

• Only women.

• Only people with low income.

Why did Congress designate April as Financial Literacy Month?

• To encourage spending and economic growth.

• To introduce new financial regulations.

• To promote financial literacy awareness and ownership.

• To celebrate financial success stories.

What is the main goal of Financial Literacy Month?

• To increase awareness and ownership of financial literacy.

• To reduce taxes for financially literate individuals.

• To provide financial aid to students.

• To promote investment in the stock market.