Jump$tart Coalition for Personal Financial Literacy
Jump$tart Coalition for Personal Financial Literacy ASAEF is the recognized leader in the Jump$tart Coalition, a national non-profit organization whose mission is to improve the personal financial literacy of young adults. AFSAEF staff was instrumental in the benchmark 1997 research, conducted by Lewis Mandell, Ph.D., a member of the AFSAEF Board of Directors, demonstrating that young people have little understanding of personal finance basics on a daily basis. AFSAEF provides continuing support to help fulfill Jump$tart's mission. Jump$tart's purposes are to: * evaluate the financial literacy of young adults; * develop, disseminate, and encourage the use of materials developed under the Coalition's guidelines for grades K-12; and * promote the teaching of personal finance. Jump$tart has developed guidelines on income, money management, saving and investing, and spending that school systems and youth-serving organizations can integrate into their curricula for educating students. Jump$tart has approved AFSAEF's Inside Credit: Three Stories, and Going Broke in America: Bankruptcy and Your Alternatives for inclusion in their Clearinghouse of education materials.
Web Site: www.jumpstart.org
Facts on Saving and Investing Campaign
The campaign is an ambitious grassroots plan headed by the U.S. Securities and Exchange Commission (SEC) to encourage all Americans to save and invest wisely. The 1999 campaign has two key audiences - schools and the workplace. Studies show that students who are taught financial literacy skills are less likely to experience economic hardship as young adults and that employers who provide financial education are more than repaid through improved employee moral and increased productivity. As a partner in the campaign and member of the Workplace Committee, AFSAEF is encouraging member companies to help their employees learn more about saving, investing, and responsible money management. In the 1998 campaign, AFSAEF's Consumer's Almanac, was selected by the SEC to be part of their Financial Facts Tool Kits. More than 50,000 kits were distributed to the public. The recipients consistently selected The Consumer's Almanac as one of the most useful tools in the kit.
Web Site: www.investoreducation.org
Consumer Auto Leasing Task Force
A leasing education program consisting of representatives from the Federal Reserve Board, the Federal Trade Commission, associations representing bankers, dealers, manufacturers, and consumer groups. This task force is working together on educational initiatives to inform consumers of their rights under the disclosure requirements for vehicle leasing. A brochure, Keys to Leasing, has been developed. It provides core messages of information consumers need when leasing a car, a side-by-side comparison of buying and leasing, and an example of the Federal Reserve's model form with explanations of key features and terms. Current initiatives are: a consumer lease computer program, a consumer leasing checklist, and a leasing education presentation for high-school students.
Web Site: www.bog.frb.us/pubs/leasing
AFSAEF cultivates partnerships with AFSA members, government agencies, and non-profit organizations to educate the public on a specific topic. These partnerships identify AFSA members as responsible and concerned for the financial well being of the customer. This provides a track record to point to when dealing with members of Congress, the media, and consumer advocates.