President’s Advisory Council on Financial Capability

On April 11th, NYSE Euronext’s Financial Literacy Week continued with the President’s Advisory Council on Financial Capability holding a meeting of their Youth Subcommittee at the NYSE and ringing the Opening Bell. President Obama appointed the Council to provide advice on improving financial literacy and financial access for the American people. President Bush had appointed the first President’s Advisory Council on Financial Literacy, bringing much needed attention and focus to this critical issue in the wake of the financial crisis. President Obama changed it slightly to explicitly expand the mandate to include financial access as well as financial education, in recognition that both are needed for financial stability. The group is an impressive one, comprised of leaders from the non-profit, academic and private sectors.

The Council members that joined at the Exchange for the Youth Committee discussion brought an enormous wealth of knowledge about financial education and young people. Even those who do not work specifically in this space were able to contribute with their broader knowledge of the field. The Chair of the Council, John Rogers, CEO of Ariel Investments, has been committed to financial education for a long time, founding the Ariel Academy charter school in Chicago – which is an incredible model of effective financial education leading to economic empowerment. You can learn more about them here.

Amy Rosen, the Vice Chair of the Council, heads the National Foundation for Teaching Entrepreneurship (NFTE), one of our key non-profit partners and truly a leader in the field. NFTE will be one of the ringers of the Closing Bell on April 12th. They introduced us to our superstar student interviewer for Wednesday’s virtual field trip to the NYSE.

The remainder of the Council members are equally impressive and important to this field. We were proud to recognize them and their good work, and I look forward to continuing to the ongoing thoughtful recommendations they produce as a group.