Connecticut, one of the wealthiest states in the Northeast, is also one of the worst in terms of its student financial literacy outreach, receiving failing grades from the Center for Financial Literacy in Vermont and the Council for Economic Education in two recent, nationwide studies.
In an effort to find new ways to improve the financial literacy of Connecticut youth, People’s United Bank joined the Connecticut Jump$tart Coalition and the Office of the Connecticut State Treasurer to present the Connecticut Financial Literacy Summit, which took place on October 15 at Rentschler Field in East Hartford, Connecticut.
The summit drew together representatives of the educational, government, business and the nonprofit sector, as well as state leaders, policymakers and parents, to begin discussing and collaborating on new ways to improve the financial literacy of Connecticut youth. Participants shared the latest research on financial literacy in the United States and in Connecticut, examined the current and future impact of continuing on the present trajectory, and reviewed potential approaches and solutions to financial illiteracy.
As active community members and leaders in the financial services industry, People’s United employees have conducted nearly 1,000 financial education workshops across the bank’s footprint since 2014, positively impacting over 25,000 individuals and their families.
“People’s United Bank plays a key role in helping youth to make smart financial choices,” said Jack Barnes, President and CEO, People’s United Bank. “Through events like the Financial Literacy Summit, we can also lead the effort to improve the economic well-being of our communities.”
Congratulations People’s United Bank!