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FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial Literacy Commission Spring Council | May 18-20, 2014

FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial

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Page 1: FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial

FAST FORWARD Building the Profession of Tomorrow

360 Degrees of Financial Literacy’s 10th AnniversaryErnie Almonte, CPA, CGMAChair, National CPA Financial Literacy CommissionSpring Council | May 18-20, 2014

Page 2: FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial

All state CPA societies

2,500+ events

70 million website visits

1.5 billion+ media impressions

10.9 trillion+ Feed the Pig impressions

Thousands of CPA volunteers

+= 360 Degrees of Financial Literacy

One united effort of the CPA profession

Page 4: FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial

Driving change in state and local governments

Page 5: FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial

First and only national financial literacy public service campaign

Page 6: FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial

Improving Americans’ financial future

Increased percentage of young adults who report they areexcellent or pretty good at managing money: 50% in 2006 to 62% in 2013.

Two-thirds of young adults feel financially stable.

Since 2006, significant increase in the percentage of young adults who report saving money regularly.

Fewer young adults say they procrastinate on saving money: 46% in 2006 vs 41% in 2012.

Page 7: FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial

Educating the next generation

Page 8: FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial

Celebrating CPA guidance

Page 9: FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial

Helping in times of crisis

Page 10: FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial

Shedding light on the Federal financial statements

Page 11: FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial

Building on our expertise

Page 12: FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial

Thank you so much. Because of your program, I have made a massive change in my life as far as my money is concerned. 

-- Consumer

Teaching financial literacy continues to be one of the most gratifying activities of my career. -- CPA Volunteer

The financial education efforts of the CPA profession are making a difference to this country.

-- Member, President’s Advisory Council

Page 13: FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial

Please stand, if you:Served on the Grassroots Mobilization Team, chaired by Jimmy Williamson, or National CPA Financial Literacy Commission

Served on your state CPA society’s financial literacy task force or committee

Provided financial advice to a reporter for a story or volunteered in a financial literacy effort

Gave tax advice to a family member or friend

Explained to your child, niece or nephew the value of money

Page 14: FAST FORWARD Building the Profession of Tomorrow 360 Degrees of Financial Literacy’s 10 th Anniversary Ernie Almonte, CPA, CGMA Chair, National CPA Financial

Copyright © 2014 American Institute of CPAs. All rights reserved.

Thank You