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January 30, 2009 - Peter G. Peterson Foundation -

The Peter G. Peterson Foundation and MTV's 24-hour college network mtvU are proud to announce that 25-year-old Brian Haveri of Milburn, NJ, who graduated from Lehigh University, has won the InDebtEd Digital Challenge and a $10,000 prize. The InDebtEd Digital Challenge invited young people aged 18-28 to submit creative, original ideas for an online video game that focuses on the nation's fiscal crisis. Haveri's concept will be developed into a game that will be used to spread awareness of the country's dangerous financial condition and encourage young people to take action to turn the tide.

The Peter G. Peterson Foundation and MTV's 24-hour college network mtvU are proud to announce that 25-year-old Brian Haveri of Milburn, NJ, who graduated from Lehigh University, has won the InDebtEd Digital Challenge and a $10,000 prize. The InDebtEd Digital Challenge invited young people aged 18-28 to submit creative, original ideas for an online video game that focuses on the nation's fiscal crisis. Haveri's concept will be developed into a game that will be used to spread awareness of the country's dangerous financial condition and encourage young people to take action to turn the tide.

December 16, 2008 - The Richard Myles Johnson (RMJ) Foundation, the state foundation for credit unions in California and Nevada, recently gave out four grants totaling $138,850 for various youth financial literacy efforts. A Community Service grant of $100,000 went to Biz Kid$, while ByDesign Financial Solutions received $35,000.  Sacramento District Postal Employees Credit Union received a $3,000 grant and Travis Credit Union received $850.

December 5, 2008 - Silver Spring, MD – Every young boy and girl wants to be a millionaire when they grow up, but just how might they go about getting from point A to point B? The National Foundation for Credit Counseling (NFCC) is providing students with the opportunity to contemplate that thought and express it through art.

In an effort to spread lessons in financial literacy to our nation’s youth, the NFCC is once again
sponsoring the Be Money Wi$e National Financial Literacy Poster Contest for 2009.

November 26, 2008 - (by Steve Rosen, The Kansas City Star, Kansas City, MO) -- The best offense is a good defense.  As I mull over the billions of tax dollars being spent to clean up the subprime mortgage mess, I keep thinking there must be a better way to put those financial resources to work.
My suggestion: Redirect part of that money into educational programs to teach the younger generation about adjustable-rate mortgages, credit cards, investing and other financial skills.

It may not be the American way, but I think it's far better to prevent the problem than to try to fix it after the damage has been done. And while it may be difficult to prove, I think exposing students to financial education before they graduate from high school will save society money in the long run from the likes of credit card woes, bankruptcies and family stress brought on by money issues.

November 7, 2008 - The third annual America Saves Week is scheduled for February 22-March 1, 2009, and early reports indicate that the Week will have more participation and a broader reach than ever before.
 
Activities for America Saves Week 2009 are being coordinated by the America Saves campaign and by the American Savings Education Council, who are working with a large coalition to promote the savings message and foster better savings behavior. Among the many companies, agencies and organizations committed to participating are the Cooperative Extension Service, WorldatWork and the Department of Defense.

October 28, 2008 - The President's Advisory Council on Financial Literacy has recommended that the U.S. Department of the Treasury reprise the National Financial Literacy Challenge in Fall of 2008. The Challenge is a voluntary 35-question test that high school students can take to earn recognition for their financial knowledge.  The Fall Challenge will run from November 3 - 26, 2008.

October 17, 2008 - (An opinion from CAJump$tart Advisory Group member Elisabeth Donati, Founder of Creative Wealth International)  - Three years ago we started offering our Camp Millionaire (formerly The Money Camp) to girls-only in addition to our coed programs. This past summer (2008) we also tried our hand at boys-only. Boy, what a difference a gender makes, no pun intended.

I have done a tremendous amount of reading and research and as much observation with regard to money and gender; specifically, the difference in how women and men 'look' at money and what it means to each of us. Pretty interesting stuff.  I thought perhaps you'd find it interesting as well. I'm going to talk about kids first and then I'll talk about adults (us big kids).

October 2, 2008 -- (An opinion from CAJump$tart Advisory Group member Lori Mackey, Founder Prosperity4Kids, Inc.) -- How you talk to your kids about the financial crisis depends on how it is personally affecting your family. Children do not have enough knowledge about money and the financial crisis to understand what is going on. This is a complicated issue for the majority of kids and they will have a hard time understanding. However, no matter what your child knows, take this time to assure your children that you are there to protect and take care of them. Children did not create the problem adults did. The lesson for parents is to take this time to start teaching your children differently when it comes to money!

September 29, 2008 -- Governor vetoed Assemblyperson Ted Lieu's AB 1502 on financial literacy   
 
To the Members of the California State Assembly:
I am returning Assembly Bill 1502 without my signature. While I acknowledge that teaching students the importance of financial literacy is meritorious, school districts already have the flexibility to incorporate money management into their lesson plans. Moreover, the State Board of Education adopted content standards are developed by a diverse group of experts and are intentionally broad in order to allow coverage of various events, developments, and issues.  I continue to believe that the State should establish rigorous academic standards and frameworks, but refrain from being overly prescriptive in specific school curriculum. For this reason, I am unable to sign this bill.

Sincerely,
Arnold Schwarzenegger

September 3, 2008 - (New York) -- The Peter G. Peterson Foundation (website) today announced several initiatives leveraging new media, popular media, and other innovative means to engage young people and the business sector in the growing challenges that threaten our financial future, and mobilize them to take corrective action. America is currently burdened with $53 trillion in obligations - $175,000 per American - due to its addiction to debt, near-zero national and personal savings rates, and rising costs for health care and programs like Social Security and Medicare.

These efforts include the purchase of the feature documentary "I.O.U.S.A.," an early version of which premiered at the Sundance Film Festival and which will be released in select cities in August 2008. They also include $5.27 million in grants to support the creation of new tools to help young people learn about public and personal finance, and to enable citizens and business leaders to demand change from their elected officials.