For its 4th year, Financial Capabilities Month in Minnesota is getting a new name - on April 1, 2014, Governor Mark Dayton proclaimed April as Financial Capability Month. State of Minnesota 2014 Financial Capability Month Proclamation (.pdf)
Ten state agencies have planned nearly 40 outreach and education events across Minnesota for Financial Capability Month. For more information about these events (.pdf), or how to participate, please contact Julia Miller.
The following is an overview of events taking place in April 2014. Throughout the month, financial education training events will be held across the state to raise awareness on the need for having the skills to make well-informed financial decisions in all life stages.
Department of Commerce Senior protection: Elderly consumers are often the victims of financial scams – each year, con artists scam elderly Americans out of $2.5 billion. Senior citizens control 70 percent of the nation's wealth - and crooks know it. To help prevent fraud, Commerce will hold Town Halls and events throughout the month to educate seniors and their families on the red flags of fraud and how to stop scams.
Office of Higher Education: The Office of Higher Education will provide DREAM Act overview sessions to students and parents. The sessions, conducted at area colleges and schools, will help students and parents determine eligibility and learn what is needed to complete the application. The session will also provide an opportunity for students to complete the application on site.
Department of Human Rights: The Department of Human Rights is producing a one-hour video program on the challenges facing entrepreneurs in starting and building businesses in Minnesota. The program will focus in particular on barriers and opportunities for minorities and women entrepreneurs and will air throughout April.
Department of Commerce Podcasts: The Department of Commerce continues its series of podcasts featuring tips and guidance on financial literacy and highlight scams and pitfalls to avoid. Commissioner Mike Rothman will be joined by Office of Higher Education Commissioner Larry Pogemiller and Department of Human Rights Commissioner Kevin Lindsey discussing their respective efforts for Financial Capability month.
Commerce and University of Minnesota Extension: Commerce and the University of Minnesota Extensions are teaming up on a series of educational guides to help Minnesotans from Kindergarten to retirement navigate the sometimes complex financial issues such as saving, retirement planning, preparing for natural disasters, and monitoring credit reports.
To celebrate the release of "It's Never too Early to Start," a guide that focuses on how parents and teachers can use children's literature to teach financial literacy skills, Commerce Commissioner Mike Rothman and Education Commissioner Brenda Cassellius will read to second grade students at Aquila Elementary in St. Louis Park on April 21st. The U of M Extension and the United Educators Credit Union will lead students, parents, and teachers in an educational activity. Read-It, Minnesota's reading and literacy mascot, will join in the fun.
Financial Capability Roundtable
Financial Capability Month will conclude with the 4th Annual Financial Capability Roundtable sponsored by the Interagency Work Group on Financial Literacy.
This year, Camille Busette, Assistant Director of the Office of Financial Education, of the Consumer Financial Protection Bureau, will join us as our keynote speaker. Ms. Busette will bring a wealth of financial-literacy insight and share some of the CFPB’s findings on best practices for strengthening financial capability. The roundtable will focus on how financial institutions, government, non-profit, and private organizations can empower all Minnesotans on the path to Financial Literacy and Capability.
Fourth Annual Financial Capability Roundtable