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Experts Unite to Create Blueprint to Transform California into Most Financially Literate State in U.S.; Empowering Californians to Take Control of Their Financial Futures to Play Key Role.



SACRAMENTO, Calif. -- Consumer groups, lawmakers, CPAs, nonprofits, educators and government officials will come together tomorrow (April 26) at the California Summit on Financial Literacy Financial literacy is the ability of individuals to make appropriate decisions in managing their personal finances. Raising levels of financial literacy is now a focus of government programmes in countries including[1] Australia, Japan, the United States and the UK.  to turn the tide of financial illiteracy illiteracy, inability to meet a certain minimum criterion of reading and writing skill. Definition of Illiteracy


The exact nature of the criterion varies, so that illiteracy must be defined in each case before the term can be used in a meaningful
 and undertake efforts to raise the public's understanding of money matters. The event is being held at the Sacramento Convention Center The Sacramento Convention Center is the main center for events happening in Sacramento, California, USA, which encompasses three venues: The Exhibit Hall, The Community Center Theatre and the Memorial Auditorium. External links
  • Sacramento Convention Center Homepage
.

"There's no time like the present to bring about a change in the way Californians -- and the rest of the American public, for that matter -- view their finances," said Loretta Doon, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000.  and COO of the California Society of Certified Public Accountants Certified Public Accountant (CPA)

An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state.
.

"CalCPA has joined with several other like-minded groups to empower consumers to educate themselves and take control of their personal financial matters using a wealth of free resources."

Added Doon, "The CPA profession, along with educators, nonprofits, consumer groups, lawmakers and government agencies, brings plentiful resources and information to the table. This summit will help streamline those efforts and further our goal of creating the most financially literate state in the country."

"Financial literacy needs to be instilled early in childhood and reinforced throughout one's lifetime. Children who learn how to save and budget will grow into adults who can handle credit responsibly and save for a secure retirement," said Mitchell Freedman freed¬∑man ¬†
n.
A man who has been freed from slavery.


freedman
Noun

pl -men History a man freed from slavery

Noun 1.
, CPA/PFS, chair of the California Jump$tart Coalition, one of the Summit hosts.

The Summit's featured speakers will include Dan Iannicola, Deputy Secretary of the U.S. Treasury's Office of Financial Education; Carrie Schwab Pomerantz, president of the Charles Schwab Charles Schwab can refer to:
  • Charles M. Schwab, founder of Bethlehem Steel.
  • Charles R. Schwab, founder of the brokerage.
  • Charles Schwab Corporation, the brokerage.
 Foundation; Dara Duguay, director of the Citigroup Office of Financial Education; and Dr. Lewis Mandell of the SUNY SUNY - State University of New York , University at Buffalo School of Management.

"The Summit will help to set in motion an action plan to eliminate financial illiteracy in California," added Doon.

About CalCPA

The California Society of Certified Public Accountants (CalCPA) (www.calcpa.org) is one of the nation's largest accounting organizations and the largest CPA association in California. It serves more than 28,000 members in public practice, private industry, education and government.

About the California Jump$tart Coalition

California Jump$tart Coalition (www.cajumpstart.org) is a Section 501(c)(3) organization receiving support from businesses and foundations. California Jump$tart is affiliated with the national Jump$tart Coalition for Personal Financial Literacy.
COPYRIGHT 2006 Business Wire
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 25, 2006
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