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GAO promoting financial literacy

The GAO, sensing the role that financial literacy plays in the health and stability of families, has identified more than a dozen government programs providing that education.

By Paula Aven Gladych | Updated on April 27, 2012

Financial literacy plays an important role in helping to promote the financial health and stability of individuals and their families. Because of this, and because of the poor economy, the U.S. Government Accountability Office (GAO) conducted a study to see what financial literacy program were being offered through federal agencies.

“The federal government plays a wide-ranging role in promoting financial literacy. Efforts to improve financial literacy in the United States involve an array of public, nonprofit, and private participants, but among those participants, the federal government is distinctive for its size and reach and for the diversity of its components, which address a wide range of issues and populations,” the GAO report said.

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