Secretary Snow speaks to council--praises financial literacy, addresses Social Security.U.S. Secretary of the Treasury John W. Snow addressed the governing Council on a broad palette (1) In computer graphics, a range of colors used for display and printing. See color palette. (2) A collection of on-screen painting tools. (3) A toolbar that contains a set of functions for any kind of application. palette - colour palette of issues, including the need for improved 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. among Americans and Social Security reform. "I want to commend AICPA AICPA See American Institute of Certified Public Accountants (AICPA). for its 360 Degrees of Financial Literacy effort [www.aicpa.org/financialliteracy]," Secretary Snow said. "Treasury's Office of Financial Education is delighted to be working with AICPA on national financial education efforts; our partnership is very important to the young people who will benefit from those efforts. "Another issue related to helping young Americans see a brighter financial future is Social Security reform," he continued. "As the President has said, it is time to modernize mod·ern·ize v. mo·dern·ized, mo·dern·iz·ing, mo·dern·iz·es v.tr. To make modern in appearance, style, or character; update. v.intr. To accept or adopt modern ways, ideas, or style. the program, and the sooner we do so, the better." The AICPA earlier this year released a comprehensive analysis of the factors that should be taken into account for Social Security reform. With this report, titled Understanding Social Security: The Issues and Alternatives, the Institute urges that before anyone takes a position, policymakers and the public should acquire a clear understanding of the economic and social ramifications ramifications npl → Auswirkungen pl affecting reform. The report is available at www.aicpa.org/members/socsec.htm. |
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