ASEC Mission: To make saving and retirement planning a priority for all Americans.
From the American Savings Education Council (ASEC):
- We realize this goal by educating the public about all aspects of financial security through our coalition of major public- and private-sector partners.
- For more about ASEC, download this brochure
March 12, 2010
Return on Investment in Quality Financial Education Programs
Personal Finance Employee Education Foundation (PFEEP) has developed a calculator to assist employers determining how much employee financial distress costs them and estimate the employer's return-on-investment for providing workers with quality workplace financial education.
Employers’ Projected Return-On-Investment for Quality Financial Programs.
March 12, 2010
Poisition Open at the National Endowment for Financial Education (NEFE)
Director, High School Financial Planning Program
March 2, 2010
Program Perspectives: Access to employer-provided benefits by low-wage and high-wage workers
The U.S. Bureau of Labor Statistics (BLS) is pleased to announce a new issue of its on-line publication BLS Program Perspectives. Each issue of this series highlights previously-published BLS data and how they provide useful information and context for understanding a selected topic. The new publication is available at http://www.bls.gov/opub/perspectives.
This issue of the BLS Program Perspectives examines employee’s access to employer-provided benefits, such as paid leave, retirement, and insurance plans, in relation to the employee’s pay level. Data from the BLS’s National Compensation Survey on Employee Benefits in the United States are used to show that lower-paid workers had less access to these benefits than did higher-paid workers.
February 26, 2010
New Overdraft Rules from the Federal Reserve Effective July 1, 2010
The Federal Reserve will implement new rules giving debit and ATM card users additional options regarding overdrafts. Although the rules become effective on July 1, 2010, in the coming months, banks, credit unions, and other financial institutions must offer consumers the ability to make decisions about overdraft services for transactions made with their debit or ATM cards. The Federal Reserve’s online publication, "What You Need to Know: New Overdraft Rules for Debit and ATM Cards", provides an explanation of how the rules will affect existing and new account holders.
February 23, 2010
SEC Announces Efforts to Educate Investors About Participating in Corporate Elections
Amends Proxy Rules to Offer “E-Proxy” Flexibility and Launches New Web Page Dedicated to Educating Investors About Proxy Matters
Further details.
February 23, 2010
Recent data on labor force demographics
The recent resources released on demographic trends in the U.S. labor force. Workers today have greater incentives to stay in the work force, such as the ability (and in some cases the need) to continue to accumulate assets in defined contribution plans and to have access to employment-based health insurance coverage, instead of having to tap into their savings to pay for their expenses.
Further details
February 22, 2010
U. S. Small Business Administration Hosting Series of Free YOUTHprenuer webinars
Join the U.S. Small Business Administration in recognition of National Entrepreneur Week and America Saves Week for a series of FREE YOUTHprenuer webinars on entrepreneurship and financial literacy. The webinars will be held each day from February 23-25, 2010 at 11:00 am and 3:00 pm.
Further details.
February 19, 2010
Federal Reserve's new credit card website
The Federal Reserve launched a new interactive website to help consumers better understand the new credit card protections that will take effect on Monday, February 22.
Futher details.
February 18, 2010
OCC News Release: OCC Issues Consumer Advisory and Policy Statement Regarding Tax Refund-Related Products
Refund anticipation loans and similar products present particular consumer protection and safety and soundness risks due to their unique repayment and cost structures, and banks’ reliance on third-party tax preparers to offer the products. The OCC consumer advisory and policy statement clarify and enhance existing guidance necessary to address those concerns.
Further details.
February 16, 2010
Resources for Financial Professionals
AARP is pleased to introduce www.aarp.org/forfinancialpros, a new landing page featuring resources for financial professionals who work with older consumers. The goal is to move the financial marketplace in ways that benefit consumers over 50 as well as the industry-- a win-win situation for all. Visit the new webpage and see our latest release, A Financial Professional's Guide to Conducting Seminars With Older Investors, done in cooperation with the North American Securities Administrators Association (NASAA).
For more information, contact Michael Herndon (mherndon@aarp.org) or Jay Sternberg (jsternberg@aarp.org).
February 16, 2010
National Financial Capability Challenge, 2010
In December 2009, Treasury Secretary Tim Geithner and Education Secretary Arne Duncan announced the National Financial Capability Challenge. They said that along with getting the economy back on track and getting smarter about financial regulation, we also need to make sure all Americans - but especially our youth - get the financial education they need to help them take responsibility for their financial futures. Treasury and Education are committed to working together on this issue. The Challenge - an awards program for educators and high schools students that aims to encourage the teaching of personal finance - is our first step in a new partnership.
National Financial Capability Challenge, 2010
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