SAN JOSE, Calif., July 23, 2015 /PRNewswire-USNewswire/ -- Just because you're older does not mean you are wise financially. Financial illiteracy is not generation specific.
According to a study cited by the Brookings Institution's Hamilton Project, "Only one-third of Americans age 25–34 and one-half of those age 55–64 can accurately answer questions about compound interest, inflation, and risk diversification."
To help improve financial acumen across generations, CalCPA Institute along with the California Society of CPAs and the California Jump$tart Coalition is holding the California Financial Literacy Summit on July 30 at the San Jose Marriott. It will bring together experts and leaders from government, business, education and other fields who are concerned about financial illiteracy in the state.
The Summit will include sessions focusing on incorporating financial literacy programs into elementary, middle and high school curriculums, managing the college student debt crisis, training of financial literacy volunteers, and helping small businesses and entrepreneurs learn how to better handle their finances.
Among those scheduled as speakers are Betty Yee, California state controller; Assemblymember Kansen Chu; Dianna MacDonald, president-elect of the California State Teachers Assn.; and Pilar Diaz, senior institutional review specialist, U.S. Dept. of Education.
Registration for the Summit is free. Additional information, including program, is available at www.calcpa.org/flsummit.
About CalCPA & CalCPA Institute
Headquartered in San Mateo, the California Society of Certified Public Accountants (CalCPA) (calcpa.org) is the nation's largest state accounting organization and the largest CPA association in California. It serves more than 42,000 members in public practice, private industry, education and government. Through CalCPA Institute, a 501(c)(3) nonprofit, CalCPA members provide financial literacy programs to high schools and community groups.
About California Jump$tart
The California Jump$tart Coalition (cajumpstart.org) is a 501(c)(3) nonprofit, volunteer-driven group with hundreds of organizations and individuals representing businesses, government agencies, nonprofits and education across the state. Affiliated with the National Jump$tart Coalition for Personal Financial Literacy, the Coalition strives to improve the personal financial education of California's youth.