Thursday, January 14, 2010
George Smaragdis (202) 728-8988
Washington, D.C. — The Financial Industry Regulatory Authority (FINRA) Investor Education Foundation today released Seeking Solid Financial Footing for the Next Decade: 10 Tips for 2010, which provides practical advice to help people regain their financial footing. The 10 Tips for 2010 are based on the findings of the FINRA Foundation's National Financial Capability Survey, which showed that many Americans are unprepared for economic upheavals and that far too many people are engaging in financial behaviors that generate excessive expenses and fees.
"The National Financial Capability Survey highlighted many of the financial challenges that American families face. These tips are designed to help people regain their financial footing and start off a new decade on a path to financial security," said John Gannon, President of the FINRA Investor Education Foundation.
10 Tips for 2010 advises Americans to become more financially secure by:
The National Financial Capability Survey compiled responses from nearly 1500 American adults to reveal in detail how Americans save, borrow and plan for their financial future. The Survey results were released in December 2009.
The FINRA Investor Education Foundation supports innovative research and educational projects that give underserved Americans the knowledge, skills and tools necessary for financial success throughout life. For details about grant programs and other FINRA Foundation initiatives, visit www.finrafoundation.org.