What does FLEC mean in LITERACY

The Financial Literacy and Education Commission (FLEC) was established in 2003 as a way to increase the financial capacity of American citizens. FLEC is composed of 21 different entities from the federal government, organizations, and private sector companies which provide informational resources and services focused on financial education.

FLEC consists of 21 members; these include representatives from U.S federal agencies, organizations and private sector entities like banks, credit unions, consumer advocacy groups and companies that provide financial products or services.

The actions taken by FLEC are designed to promote an overall strategy for increasing financial literacy across all age groups. This includes providing informational resources as well as advocating for legislation related to improving access to quality financial education opportunities among American citizens. Some examples include developing national standards for assessing financial literacy among youth and adults in addition to creating policy recommendations for increasing economic security through improved retirement savings options.

The majority of the funds used by this commission come from expenses paid by member agencies under their own authority such as salaries or other appropriated funds for special projects relating to promoting economic security through improved access to quality financial education opportunities among American citizens

Yes! In addition to the mandate set out by Congress upon its establishment in 2003, FLEC has further partnered with several public/private initiatives such as Jump$tart Coalition for Personal Financial Literacy working towards improving on-going accessibility while providing resources and support in fostering active participation within communities nationwide.