People’s United Bank Joins Financial Literacy Summit

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People’s United Bank Joins Financial Literacy Summit

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.

Michael Casparino, Northern Connecticut President of People’s United Bank, touched upon People’s United Bank’s commitment to improving financial literacy throughout Connecticut and across the bank’s footprint, and introduced Connecticut State Treasurer Denise L. Nappier.

Michael Casparino, Northern Connecticut President of People’s United Bank, touched upon People’s United Bank’s commitment to improving financial literacy throughout Connecticut and across the bank’s footprint, and introduced Connecticut State Treasurer Denise L. Nappier.

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.

During a pre-conference workshop, Stephen Bright, CFA, Senior Vice President, People’s United Wealth Management, examined how financial illiteracy can aggregate to create problems on a broader, societal level.

During a pre-conference workshop, Stephen Bright, CFA, Senior Vice President, People’s United Wealth Management, examined how financial illiteracy can aggregate to create problems on a broader, societal level.

“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.”

Workshop Presenters at the CT Financial Literacy Summit included People’s United Bank, EverFi, FDIC, Higher One, and Southern Connecticut State University. Keynote Speakers included Denise L. Nappier, Connecticut State Treasurer, Laura L. Levine, CEO, Jump$tart National, Jack E. Kosakowski, CEO, Junior Achievement USA, and Christopher M. Lee, President, Connecticut Jump$tart.

Workshop Presenters at the CT Financial Literacy Summit included People’s United Bank, EverFi, FDIC, Higher One, and Southern Connecticut State University. Keynote Speakers included Denise L. Nappier, Connecticut State Treasurer, Laura L. Levine, CEO, Jump$tart National, Jack E. Kosakowski, CEO, Junior Achievement USA, and Christopher M. Lee, President, Connecticut Jump$tart.

Congratulations People’s United Bank!