DMCC Supports the Federal Government’s Pledge to Improve Financial Education
Boca Raton, FL – March 26, 2004 – Debt Management Credit Counseling Corp., a non-profit credit counseling corporation committed to educating the general public on financial issues and assisting clients who have become overextended with debt, seeks to improve financial literacy in concurrence with Federal Reserve Board Chairman Alan Greenspan’s testimony to the U.S. Senate asserting the importance of sound financial education.“Comprehensive education can help provide individuals with the financial knowledge necessary to create household budgets, initiate savings plans, manage debt, and make strategic investment decisions for their retirement or their children’s education,” Greenspan said during his speech. “Financial literacy education may help to prevent vulnerable consumers from becoming entangled in financially devastating credit arrangements. An informed borrower is simply less vulnerable to fraud and abuse. Financial literacy can empower consumers to be better shoppers, allowing them to obtain goods and services at lower cost.”
DMCC provides free educational seminars in English and Spanish to the general public. The community at large has responded enthusiastically to DMCC’s educational services. DMCC educators are repeatedly invited to speak at high schools, community centers and radio stations throughout South Florida to teach bilingual seminars on topics including budgeting, identity theft, wise credit card use, and mortgages. These programs are often the only financial education that people have ever received. Those who attend the seminars leave with the financial knowledge that will help them better manage their money.
“It’s very rewarding to know that we are helping people make good financial decisions,” said Jason Athas, manager of special programs for DMCC. Athas teaches financial seminars for DMCC and has seen first-hand the effect that the seminars have on students. “I enjoy when students finally understand that the financial decisions they make today will affect them for years to come.” For more information about DMCC’s free educational services, please contact Jason Athas at Jason@dmcconline.org.
FOR IMMEDIATE RELEASE
Jessica Stokes (Education and Research Coordinator)
The Federal Reserve Board, Testimony of Chairman Alan Greenspan, Financial literacy. (February 5, 2002). [Online] Available: http://www.federalreserve.gov/boarddocs/testimony/2002/20020205/