The global economic downturn has highlighted the damaging impact of financial illiteracy on individuals, families, communities and entire nations. The need to teach people how to spend, save, invest, borrow and manage debt wisely has become more important than ever, in both developed and developing countries.
As governments implement policies to promote economic recovery, financial education programs should be targeted at all levels of society – the most vulnerable and the financially excluded, as well as the general public – to help sustain consumer confidence and create economies that can better withstand market fluctuations.
The Citi-FT Financial Education Summit, now in its sixth year, has become the most established annual international forum on financial literacy. The 2009 Summit in Singapore – coming as policy-makers strive to strengthen their economies and learn from the turbulence that has affected people worldwide – will be one of the most significant of the series.
Learn more by visiting www.FinancialEducationSummit.org.
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