BISMARCK ND, MARCH 26, 2008: Nearly two-thirds of American workers have no retirement savings account to provide for long term needs such as future retirement living and medical expenses. At the same time, American’s rate of personal savings keeps dropping: personal savings declined from about 10% of disposable income in the early 1980s to 1.8% in 2004. In 2005, the savings rate was negative for the first time since the Great Depression.
Now is the time to discuss these financial issues. The North Dakota Jump$tart Coalition, in partnership with the Federal Reserve Bank of Minneapolis, is sponsoring a statewide financial fitness event. If you work in the financial industry, education, or have a passion for personal financial literacy – this one-day conference is for you.
“The ‘Money, Money, Money – Are You Financially Fit?’ conference is the place to gather information and resources,” said State Treasurer Kelly Schmidt, President of the North Dakota Jump$tart Association. “It also is a wonderful opportunity to network with a variety of professionals looking to improve the financial fitness of North Dakotans.”
Topics and speakers include Kathryn Edmundson, Executive Director of The Bond Market Foundation in New York, NY speaking about financial challenges of disaster recovery; a panel of North Dakota professionals for discussion on financial challenges following recovery efforts in North Dakota; Parrell Grossman, Office of ND Attorney General on identity theft; a “best practices” of financial literacy education discussion; and Carol Cashman, BSC Associate Professor who will entice participants to put on their thinking hats!
April is Financial Literacy Awareness month, so this conference appropriately will be held Wednesday, April 16, 2008 from 10 a.m. to 4:30 p.m. at the Doublewood Inn in Bismarck. An optional pre-conference session titled “Financial Literacy in the Classroom – What Works” will start at 8:30 a.m. Registration is required by April 11.
The North Dakota Jump$tart Coalition is a proud affiliate of the National Jump$tart Coalition for Personal Financial Literacy. The National Jump$tart Coalition, based in Washington, D.C., was first convened in 1995 and consists of over 200 organizations committed to improving financial literacy. For more information, visit their Web site at www.jumpstart.org. For more information about the North Dakota Jump$tart Coalition specifically, visit www.ndjumpstart.org.
(U.S. Department of Commerce, Bureau of Economic Analysis, 2006)