American Fair Credit Council Announces Donation to Council for Economic Education
The Floridant/10232287

FORT LAUDERDALE, Fla. ~ The American Fair Credit Council (AFCC) has announced a contribution of $75,000 to the Council for Economic Education (CEE) in honor of Financial Literacy Month. The donation was made possible through the help of AFCC member companies who raised $50,000 for CEE, matched by $25,000 directly from the AFCC.

Dan Frazer, Chairman of the Board at AFCC, said: "Today's youth are tomorrow's leaders & consumers, and we want to do our part to ensure they have the skills needed to make educated financial decisions. The AFCC is proud to partner with CEE to expand this vital work to more locations across the country to benefit countless consumers and families."

Nan Morrison, President and CEO of CEE expressed her gratitude for the support during Financial Literacy Month and looked forward to building a long-term partnership. She said: "The AFCC's commitment to helping us educate the next generation of financially literate young people will ensure financial stability and economic mobility for them, their families, and their communities."

More on The Floridant
Financial literacy is a growing problem in the United States with only half of U.S. states requiring economics for graduation and legislation proposed in several states that would remove economics requirements altogether. However, there has been progress made by CEE and aligned entities – in 2000 only seven states required students to take personal finance but today that number is up to 27.

Research on financial literacy programs has shown that individuals who receive financial education have better credit scores and less outstanding debt than those without any financial education. The AFCC is exploring ways to expand this work so more Americans can benefit from this knowledge and avoid debt later in life while living financially stable lives.
Filed Under: Business

Show All News | Report Violation