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Known as the Illinois Financial Literacy
Initiative (IFLI), the program aims to educate the public on finance
basics, as well as assist in identifying financial products and
resources that best suit their needs. IDFPR is seeking to partner
with Illinois’ not-for-profits and financial institutions to
facilitate the initiative throughout the state.
“When individuals are provided a
financial literacy foundation, they are more inclined to make
educated personal finance decisions that lead to wealth
accumulation,” said Bryan A. Schneider, IDFPR Secretary. “As the
state regulator overseeing our financial industry, we can play a
role in empowering citizens to make solid financial decisions.
Programs like the Illinois Financial Literacy Initiative are
important in raising the level of financial proficiency and
improving the economic strength of our state.”
Financial literacy, in conjunction with asset building and fair
consumer protections, is key to ensuring economic stability and
financial health for all Illinois families. IDFPR encourages
not-for-profit agencies that provide financial literacy training
to partner with IDFPR and state banks and financial institutions
throughout Illinois to participate in the IFLI program.
“Families across the state are struggling to stay above water,” said Melinda
Croes of Heartland Alliance. “A total of 1.8 million Illinois households (38%)
are liquid asset poor meaning that they do not have enough savings to live above
the poverty level for just three months if they lose a job, face a medical
crisis or suffer another income disruption.”
For more information on how to become an IFLI partner, interested groups may
contact Terrence Walsh with IDFPR at 312-814-1696 or Terrence.Walsh@illinois.gov.
For a calendar of events, and valuable financial literacy tools and resources,
visit IFLI’s website:
http://www.idfpr. com/Consumers/IFLI/IFLI.asp.
[Illinois Department of Financial and
Professional Regulation] |
