Establishing the President's Advisory Council on Financial Capability for Young Americans
Establishes Advisory Council to Boost Young Americans' Financial Skills
What it does
The order directs the Treasury to establish an advisory council and agencies to provide information and support to improve young Americans' financial capability.
Real-world impact
- Creates a new federal advisory council focused on youth money skills.
- Requires federal, state, and private groups to provide information and support.
- May lead to school programs, research, and public awareness campaigns for young people.
Topics
Summary
This order creates the President's Advisory Council on Financial Capability for Young Americans inside the Department of the Treasury to promote money-management skills among young people.
The council will gather information, advise the President and the Treasury Secretary, recommend programs and partnerships, support research and pilot testing of effective approaches, and promote early saving and planning.
It asks federal, state, and private groups to help and directs the council to consider the needs of underserved groups, including women and minorities.
Questions, answered
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