Jump$start Coalition Teachers’ SummitNovember 5, 2010

Utah is Asset Poor• Asset poverty - the ability of a household to access

wealth resources (assets) sufficient to meet basic needs for a period of three months

– Almost 31% of Utah’s population is asset poor– Three times the rate of income poverty– Ranked 47th out of 50 states

Utah Council on Financial and Economic Education

SCR 3 – Passed by the Utah Legislature in 2009

1. Endorses the creation of the UCFEE, to be chaired by the Utah State Treasurer

2. Encourages participation on the Council by several state agencies, and all other private or public entities that engage in teaching financial education

3. Encourages the council to connect, coordinate, and strengthen existing financial education efforts in the State of Utah

UCFEE Vision• All Utahns have necessary skills and knowledge

to improve financial stability• All Utahns are financially savvy and have financial

security – Make financial education easy to access and pervasive

(in school, church, workplace, etc)– Create a culture shift - a new image of “wealth” where

saving becomes the norm or it’s “cool” to save– Create incentives for saving and displaying good

financial behavior

Goals & Objectives

• Promote financial literacy education• Reach ALL Utahns• Work collaboratively to coordinate

ongoing efforts

Goals & Objectives

• Connect current FLE outreach programs with common messaging

• Embed FLE into all areas of a person’s life to reinforce skills and positive behavior (school, work, church)

Goals & Objectives

• Make FLE accessible to all• Create opportunities, tools, and

support• Create a central web portal

www.BelieveInYourFuture.org

UCFEE Members

AAA Fair Credit FoundationAARP Chase The Church of Jesus Christ of Latter-Day Saints Citi BankCommunity Action Partner of Utah Far West Bank Federal Reserve Bank of San Francisco Finance in the Classroom Internal Revenue Service Ivory Homes Junior Achievement of Utah, Inc.Key Bank KUED Pubic Television Mountain America Credit Union The Pitney Bowes Bank, Inc.United Way of Salt Lake United Way of Utah County

Utah Associations of Certified Public Accountants

Utah Bankers Association

Utah Division of Securities

Utah Educational Savings Plan

Utah Higher Education Assistance Authority

Utah Jump$tart Coalition

Utah Microenterprise Loan Fund

Utah State Office of Education

Utah State University Extension

Utah State Treasurer's Office

Wadell & Reed, Inc.

Wells Fargo

Zions Bank

Believe Website

• To use in addition to Finance in the Classroom for teachers

• Believe website is for EVERYONE • Introduce it to your students• Use it in class• Bill character is appealing to kids of all ages

facebook.com/believeinyourfuture

twitter.com/billbelieve

www.BelieveInYourFuture.org