Genworth Financial Announces Major Financial Literacy Effort for Virginia High Schools
Financial literacy skills are lacking among young people in the U.S., and many say that students need to be exposed to those basic skills in order to function in society. Genworth Financial, as part of its commitment to financial education, announces its support of an innovative approach to financial literacy education in Virginia high schools.
Genworth Financial announces its support of a unique program to provide teachers with an innovative economic and personal finance learning tool.
November 8, 2010, 10:30 a.m.
Hermitage High School, Richmond, Virginia
Virginia Lt. Gov. William Bolling
State Education Secretary Gerard Robinson
Genworth Chief Executive Officer Michael D. Fraizer
Financial literacy is the ability to make informed judgments and effective decisions regarding the use and management of money.
According to teachers, financial literacy skills are lacking among young people in the U.S., and many say that their students need to be exposed to the basic financial skills they will need to function in society. Balancing checkbooks, managing credit, making intelligent economic decisions and staying out of debt are all topics teachers mention as being important to teach students before they go out into the 'real world.'
The lack of time, lack of state curriculum requirements and lack of demand are the top three challenges to teaching financial literacy topics, according to teachers. As a leading financial services company, Genworth Financial is committed to investing in financial education.
Media Contact :
Al Orendorff (Genworth Financial)
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 6,000 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Genworth operates through three segments: Retirement and Protection, U.S. Mortgage Insurance and International. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit Genworth.com. From time to time Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the 'Investors' section of Genworth.com.