President Bush Participates in Meeting on Financial Literacy
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April 25, 2007 4:10 P.M. EDT THE PRESIDENT: April is Financial Literacy Month, and so I've asked some of our nation's most caring citizens to come and talk to us about how to develop and hone a strategy that will help more of our American citizens become financially literate. If you're not sure how interest works, it's hard to be a good homeowner. If you don't understand rates of return, it's hard to be a good investor. If you're not sure how money works, it will be missed opportunity for people from all walks of life.
Ours is a great system. It is a system that means somebody can come to America or live in America with nothing and end up with a lot; a system where people can realize dreams and work hard and realize those dreams. But unless we have a financially literate society, not enough people are going to be able realize the great promise of America. And so I want to thank the Secretary of Treasury, and the Secretary of Education, Secretary of Housing and Urban Development for agreeing to be a part of the committee to make sure the federal effort toward financial literacy is well coordinated with the private sector. And I thank those from the private sector for joining us. We've got people from corporate America, we've got people from faith-based America, we've got people from community-based-program America, we've got people from all walks of life, all around the country, who are deeply concerned about making sure this country is as financially literate as possible, and I thank you for coming. I appreciate you joining us. Mr. Secretary, thanks for chairing the project. God bless. END 4:13 P.M. EDT |
It is in this country's interest that people in every neighborhood, from every background, understand the financial literacy world; understand what it means when people talks terms related to their money. The more financially literate our society is, the more hopeful our society becomes. 
