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AICPA Launches Program to Improve America's Financial Literacy; U.S. Comptroller General Calls on Fellow CPAs to Support Effort.

Publication: Business Wire
Publication Date: 17-MAY-04 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors

WASHINGTON--(BUSINESS WIRE)--May 17, 2004

The United States is suffering from a decline in the level of financial literacy among its citizens, according to a recent Roper Poll commissioned by the American Institute for Certified Public Accountants (AICPA).

The survey results* reveal that many Americans lack a basic understanding of how to prepare for their short- and long-term financial needs. For example:

-- Nearly two-thirds of Americans 65 and older do not feel fully

confident they have the knowledge they need for adequate

retirement planning;...

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