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.”
