As financial regulators, we realize that the eruption of financial tsunami has posed a few soul-searching issues. However, in the face of an issue of such generality, it may not be the most effective and correct solution if we rely on one’s own adjustment and conclusion.
For example, the Federal Reserve Bank of Chicago, as part of Financial Literacy Month, offers free classes and activities during its “Money Smart Week.” In events developed in cooperation with local organizations and firms, young people and adults learn about financial matters ranging from opening a savings account to applying for a mortgage.