Citi's Financial Education Program
Highlights May 2008
United States
Washington, DC: Treasury Department/ OECD International Conference
- This conference was hosted jointly by the U.S. Department of the Treasury and the Organization for Economic Cooperation and Development (OECD). Its purpose was to advance and elevate the dialogue on financial education in the international arena, share experiences on best practices and look at applied research. Participants included high-level government officials, prominent researchers and practitioners in the field of financial education from foreign governments, non-governmental organizations and for-profit entities.
- Dara Duguay, Director of Citi's Office of Financial Education (OFE), presented on a panel Citi's global commitment to supporting financial education initiatives. Citi also had materials distributed to the participants from the OFE and from Citi's Banamex Office of Financial Education.
U.S.: Credit-ED Survey
- In May, Citi Cards announced the results of the 5th Annual Credit-ED survey. The survey seeks to better understand college junior and seniors' current knowledge and attitudes regarding finances and credit, and post-graduation expectations. This year's survey revealed that despite an uncertain economy and job cutbacks, college upperclassmen continue to embrace a youthful optimism towards their financial prospects after graduation. Nearly 60% of those surveyed expect full-time employment within three months of graduation with an average expected annual income after graduation of $37,165.
- Anthony Merola, Senior Vice President, Citi Cards, conducted a radio media tour in support of the Credit-ED survey and spoke to nearly 20 stations promoting the survey's results and the great benefits of Citi's Credit-ED program (www.students.usecreditwisely.com), which provides students with the resources and support they need to manage their finances wisely.
Delaware: Purses to Portfolios
- A Community Financial Education event, funded by the Citi Foundation, was held in Wilmington Delaware on Saturday, May 2nd. The event was organized by Citi and the Delaware Money School as part of the successful "From Purses to Portfolios: Delaware Women Take Charge of their Money."
- Shonna Jacobs from Citi's Office of Financial Education taught "a crash course on credit" to 75 women over 3 hours. Additionally, Terri Hasson, Regional Director Community Relations Mid-Atlantic/South-Atlantic Region, joined the session to answer questions afterwards about credit.
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