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ICI Education Foundation Encourages Participation In Financial Literacy Month

Washington, DC, April 1, 2013 – The Investment Company Institute Education Foundation (ICIEF) encourages all Americans to participate in Financial Literacy Month. Congress has been designating April “Financial Literacy Month” since 2003.

“Financial literacy has a critical impact on retirement security,” said ICI President and CEO Paul Schott Stevens. “Research indicates that those who understand basic financial concepts—such as compounding, inflation, and diversification—are more likely to plan for retirement, and people who plan for retirement accumulate more savings. Promoting financial literacy is essential and we commend leaders in Congress and advocates throughout the nation who are committed to financial education.”

“Financial Literacy Month is an excellent opportunity to take advantage of local resources and programs focused on developing healthy financial habits,” said Sue Duncan, Vice President of ICI’s Education Foundation and President of the Alliance for Investor Education.

Here are ten highlights among activities planned and tools available this month, plus a bonus:

ICIEF is the educational affiliate of the Investment Company Institute, the national association of U.S. investment companies, including mutual funds, closed-end funds, exchange-traded funds (ETFs), and unit investment trusts (UITs). Founded in 1989, ICIEF has partnered with schools, nonprofits, and government agencies to develop, deliver, and sponsor investment education programs to underserved Americans.