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The Improving Financial Awareness
& Financial Literacy movement
For those just learning about the campaign or who have not participated in the past, here is a great opportunity for you to create goodwill and new revenue opportunities for you and your organization, while performing a very important and valuable community service. Please become a part of this important movement!
A Very Big Social Challenge That Requires Attention Now!
With so many people on the verge of running out of money before their life expectancy, many families burdened with large amounts of student loans and other forms of debt. Combined with the fact that more than half of our adults do not have nor understand why it is importance to hane an up-to-date financial, estate or gift plan to protect themselves and their families creates a very serious problem. This lack of financial awareness and financial literacy places a huge and growing amount of pressure on families and friends, employers, nonprofits, as well as the governments. This is not just a domestic epidemic, it is an international one!
Do You Realize?  The majority of the adults in the US that reach the age of 70 are almost out of money, but have life expectancies well into their mid-80's and maybe into their 90's. That's disastrous. Who will be responsible for them? The choices are few, family and friends, nonprofits and people with money, and the government as a final safety net. Too many young people and their families are burdened with excessive education debt and other forms of debt. Student loan debt exceeds $1.3 trillion and is the 2nd largest class of consumer debt after mortgages; members of the class of 2016 graduated with an average of $37,000 in student loan debt.Over 120 million adults, 50% of our adult population don’t have nor understand the importance of having a financial, estate & gift plan to protect themselves and their assets and family in the event of sickness or when they pass away. This is a real problem, as most feel they don’t have an estate to plan for; this is NOT TRUE. Estate planning is not just for the wealthy or elderly; it’s important for everyone. With some advance planning, issues such as managing bill paying and assets in the event of sickness or disability, guardianship of children, care of a special needs child and long-term care needs; sharing and gifting assets to family, friends, and your favorite causes, and distribution of retirement plan and other assets to the correct person(s) and nonprofit(s) at ones death can all be handled with sensitivity, care, and at a reasonable cost. Additionally, we have just entered into the greatest wealth transfer in history. An estimated $59 trillion - divided among heirs, charities, estate taxes and estate closing costs - will be transferred from 116 million American households from 2007 to 2061. Without some financial and estate planning a significant amount these assets will be wasted, with much of the remaining assets not going to the right person(s) or organization(s), and or not used as intended. Managing personal finances today is more complicated and more important than ever. We’re living longer, but saving proportionately less. Scores of us feel less secure in our jobs and homes than we did in the past. We see our money being drained by the high cost of housing, taxes, education, health care, while dealing with the uncertainty of investments and our economy. We worry about the future, or unfortunately in many cases, simply try not to think about it. Most people are not taught the essential principle to smart personal financial management at home or in school, thus they don’t have the proper tools to address every day financial decisions in an informed manner. This jeopardizes their financial and physical wellness, their ability to realistically achieve and maintain their personal and financial dreams, let alone enjoy a financially secure debt free future. Wouldn’t it be great if there is a real solution to this lack of financial awareness and financial illiteracy epidemic? We strongly believe there is, and it revolves around better educating the general public, educators, financial service and nonprofit professionals to the essential principles to smart personal financial management, which is the foundation to peresonal financial knowledge, while motivating them to get and keep the financial, estate, and gift plans in order. People need access to better personal financial management tools and information, to communicate and work more effectively with their financial advisors – (that includes fee-based service providers and sales people), and to make better informed every day money decisions. This is a great opportunity to "strengthen relationships” with clients and prospects and associates, generate new revenue opportunities for financial service / nonprofit / education professionals, while producing needed gifts and bequests for many educational institutions and nonprofits. Most importantly, this also goes a long way to solving the lack of financial awareness and financial illiteracy epidemic. Together we have the potential to help solve a major social challenge by advancing and contributing to one of the most broad-based, multifaceted moments for improving financial awareness and financial literacy while advancing philanthropy.
On behalf of The Financial Awareness Foundation, our Board of Directors and the participating associations, organizations, nonprofits, and professionals thank you for your efforts and for assisting us in having a positive ongoing impact on improving financial awareness and financial literacy across the country, and throughout the world. Respectfully submitted,Valentino Sabuco, Executive Director & Publisher The Financial Awareness Foundation A 501(c) (3) Nonprofit Dedicated to Substantially "Improving financial awareness & financial literacy..." SM Downloads For additional information -- To view or download the following, click on the "Download Buttons" below.
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• Spring
1. News Release
