President Obama Appoints NEFE CEO to New Financial Capability Council

Ted Beck Named to Advisory Leadership Focused on Young Americans

Date: February 27, 2014

Contact: Paul Golden 303-224-3514, [email protected]

DENVER—President Barack Obama announced Wednesday, February 26, the installment of a new Council to help enhance the financial literacy and capability of young Americans. Ted Beck, president and CEO of the Denver-based National Endowment for Financial Education (NEFE), is one of the 15 appointments made this week. Beck joins the President’s Advisory Council on Financial Capability for Young Americans, which, under the direction of the U.S. Department of Treasury, will advise President Obama and his administration on ways to improve the financial skills of young Americans so that they can make smart decisions about going to college, using financial products, and beginning to save for their retirement.

The President’s Advisory Council on Financial Capability for Young Americans will build on the recommendations of President Obama’s prior Advisory Council on Financial Capability (2010-2013), of which Beck was a member. Beck also was an appointee to President George W. Bush’s Advisory Council on Financial Literacy from 2008-2010. Beck is one of only two members of this Council who also served on both previous Councils.

“Each Council thoughtfully builds on the work of its predecessor,” says Beck, “so each effort contributes to the growing momentum of attention to building financial capability for the American people. Research proves that early and frequent financial education works. This group will be able to show the country how to truly make a difference in the financial capability of our children.”

Along with Treasury Secretary Jack Lew, Education Secretary Arne Duncan, and Richard Cordray, Director of the Consumer Financial Protection Bureau, the Council will consist of leaders and innovators from the private, public and nonprofit sectors who have demonstrated a commitment to building the financial capability of young people. Leading the Council is John W. Rogers Jr., chairman, CEO and chief investment officer of Ariel Investments, who will serve as chair; and José Cisneros, Treasurer of the City and County of San Francisco, who will serve as vice chair.

“I commend President Obama on his continued work to ensure that young people are gaining the education and resources necessary to better understand financial decisions, pursue successful careers and ultimately succeed in their financial lives,” says Beck. “I look forward to working with this Council to improve the delivery of reliable and proven education resources that will help our youth create a sound future.”

For a detailed list of the appointees to the President’s Advisory Council on Financial Capability for Young Americans, visit www.whitehouse.gov/the-press-office/2014/02/26/president-obama-announces-more-key-administration-posts.

For more on the President’s Advisory Council on Financial Capability for Young Americans as established under Executive Order 13646, visit www.treasury.gov/resource-center/financial-education/Pages/New-President%27s-Advisory-Council-on-Financial-Capability-for-Young-Americans.aspx.

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Contacts

  • Paul Golden

    Media Relations Director

    Direct: 303-224-3514
    Cell: 303-918-3620
    [email protected]

  • Patricia (Pat) Seaman

    Senior Director of Marketing and Communications

    Direct: 303-224-3538
    [email protected]

Contacts

  • Paul Golden

    Media Relations Director

    Direct: 303-224-3514
    Cell: 303-918-3620
    [email protected]

  • Patricia (Pat) Seaman

    Senior Director of Marketing and Communications

    Direct: 303-224-3538
    [email protected]