Washington, D.C., October 29, 2024 — Today, the U.S. Department of the Treasury announced the release of the country’s first-ever National Strategy for Financial Inclusion, a coordinated, comprehensive approach that helps ensure all Americans, regardless of their background or circumstances, can access, utilize, and benefit from a full suite of financial products that provide stability, resilience, foster trust, and long-term financial security.Ida Rademacher, Vice President, Aspen Institute and Co-Executive Director of the Aspen Institute Financial Security Program, issued the following statement:“Today we are celebrating a milestone moment–the creation of a National Strategy for Financial Inclusion, which truly makes household financial security a national priority. The financial system is critical infrastructure for the U.S. economy because when it functions well, it empowers people with the financial tools they need to live up to their full potential. Having the highest level of government launch a strategy this robust–with national objectives, priorities, and action steps laid out–signals its vital importance to American households and increases our momentum toward building a financial system that fosters greater trust and works for everyone.”Kate Griffin, Director of Programs, Aspen Institute Financial Security Program, issued the following statement:“The Aspen Institute Financial Security Program is proud to have played a role in bringing the National Strategy for Financial Inclusion to life. It has been almost three years to the day since a call to action was issued at the 2021 Global Inclusive Growth Summit to create just such a strategy, and in that time we have helped bring together a broad cross-section of leaders focused on how policy, products, and business models can create a financial system that supports an inclusive, sustainable economy. We thank the U.S. Treasury for their diligence in listening to a wide array of actors in the ecosystem to arrive at this strategy’s key priorities. We are eager to get back to work with the leaders in our Working Group on Inclusive Finance to help realize the strategy’s full impact for future generations.”Contact:Members of the media interested in interviewing Ida Rademacher or Kate Griffin should contact Lizette Olmos Godfrey at lizette.olmosgodfrey@aspeninstitute.org.
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The Aspen Institute Financial Security Program’s (Aspen FSP) mission is to illuminate and solve the most critical financial challenges facing American households and to make financial security for all a top national priority. We aim for nothing less than a more inclusive economy with reduced wealth inequality and shared prosperity. Learn more at www.aspeninstitute.org/programs/financial-security-program/The Aspen Institute is a global nonprofit organization whose purpose is to ignite human potential to build understanding and create new possibilities for a better world. Founded in 1949, the Institute drives change through dialogue, leadership, and action to help solve society’s greatest challenges. It is headquartered in Washington, DC and has a campus in Aspen, Colorado, as well as an international network of partners. For more information, visit www.aspeninstitute.org.
