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Treasury Seeks Comments on Financial Education Core Competencies

The Department of the Treasury is currently accepting public comments on a proposed set of financial education core competencies. As the Chairperson of the Financial Literacy and Education Commission, the Treasury would like to know whether the proposed competencies are complete and whether there are portions that should be deleted, revised, or expanded. The goal of the Core Competencies is to define what consumers should know and be able to do to successfully understand and make informed decisions about their personal finances. The five core concept areas are:

  1. Earning
  2. Spending
  3. Saving
  4. Borrowing
  5. Protecting against risk

You may access the competencies in the Federal Register Notice requesting comments. Comments are due by September 12, 2010.

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