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Treasury Launches Spanish Version of Financial Literacy Plan


June 21, 2006 (SmartPros) The Financial Literacy and Education Commission, headed by the Treasury Department and comprised of 20 federal agencies, released the Spanish version of its plan to improve the nation's financial literacy.



Available at www.pueblo.gsa.gov, or through a link from MyMoney.gov, the strategy, Taking Ownership of the Future: The National Strategy for Financial Literacy, seeks to develop the financial literacy of all Americans, including members of the Hispanic community, who play a growing role in the U.S. economy.

From 2004 to 2009, the Hispanic buying power is projected to increase by 45 percent. However, more than half of the emigrants from Mexico do not hold transaction accounts, while and additional 37 percent of other Latin American immigrants are without accounts.

The strategy is a blueprint for improving the understanding of issues like homeownership, credit management, and retirement savings. Chapter 9 focuses specifically on multicultural and multilingual populations.

In April, U.S. Treasury Secretary John Snow joined Cabral and Iannicola to introduce the national strategy. Treasury officials visited more than 15 cities to promote financial literacy.

2006 SmartPros Ltd. All rights reserved.

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