The President's Advisory Council on Financial Capability has issued its recommendations on how America can be made more financially savvy. Among its recommendations, the Council found that financial capability must be woven into the fabric of our lives, including the implementation of effective, evidence-based strategies that integrate content into K-12 school curricula.
The Council also recognized that the financial crisis shone a spotlight on the need to improve financial capability in the U.S. and that the subprime lending crisis and escalating debt can partly be attributed to a lack of financial knowledge.