‘Fear is a prosperity killer, and right now consumers here and around the world are feeling it (fear). Underneath this fear and lack of confidence, are massive levels of financial illiteracy.’”
-John Hope Bryant
U.S. Federal Reserve Chairman Ben Bernanke will headline this vitally important Global Financial Dignity Summit, at this critically important time; helping America and the world to begin the process of effectively “turning the page,” towards viable long-term, systemic and sustainable solutions to our economic problems. The theme of The Global Financial Dignity Summit is Community, Character and (Responsible) Capitalism. The Global Financial Dignity Summit will frame the issue of financial dignity, financial literacy, possibly for the first time, not as a soft and ancillary economic tool, nor as an option, but as an essential, core ingredient to mid-to-long-term economic recovery and stability.
The Summit will take place in Atlanta, Georgia, on November 14th with a HOPE Opportunity Community Bus Tour, HOPE Financial Dignity Center Ebenezer grand opening and Global Dignity Forum on Character and the day will conclude with a reception at the Atlanta Airport Marriot Gateway and concluding with a Summit on (Responsible) Capitalism at the Georgia International Convention Center on November 15.
The Global Financial Dignity Summit is expecting an audience of more than 1,000 delegates, from 50 countries. The Global Financial Dignity Summit Plenary sessions and Financial inclusion Working Group sessions will touch on powerful, inspirational and aspirational themes that speak to the future of “making free enterprise work for all.” These themes include but are not limited to (a) how free enterprise and responsible capitalism can actually be used as a powerful tool to empower and uplift the underserved and the working class, as well as to grow and to stabilize a middle class. (b) Proposals to formalize financial literacy and financial dignity coursework as a requirement in K-12 schools, and as a new ‘civil rights’ issue for this generation. (c) Taking initiatives like the Gallup 100-year commitment to U.S. public schools to spark a movement that reconnects the power of education with the power of aspiration (utilizing measureable youth economic energy and a quadrupling of business role models in schools). (d) Considering the vastly untapped power of small business creation and entrepreneurship in growing jobs and local GDP growth. (d) And finally, your own bold thought leadership ideas, such as a ‘bank account for all,’ from birth.
Other Working Group Sessions at the summit will include the future of digital money, mobile (cellphone) banking and the underserved, empowerment through increased credit scores, government in partnership with the private sector, and the future strategy for jobs in underserved markets and communities.
This timely summit, coming at this critically important time, is designed to help America and the world to begin the process of effectively “turning the page,” toward viable long-term, systemic and sustainable solutions to our economic and life problems.
Against the backdrop of this global economic crisis we believe that financial dignity is an opportunity for us to get this right for future generations. We also believe that in a global economy anchored by the consumer, financial illiteracy becomes a real threat to our shared global prosperity, and that understanding the “language of money” is the first step to empowering the average person with the tools they need to both protect themselves and their families, and to make better choices about our collective future. When a person has more consumer empowerment they tend to need less consumer protection.
Starting in July summit organizers and their partners will begin organizing and hosting a series of Financial Inclusion “Answering Occupy Wall Street” working group meetings, where local leaders from the community, faith, private and government sectors share thoughts on the future of free enterprise and capitalism. These community meetings will result in “solutions-only” ideas and strategies being generated that will be uploaded, organized and incorporated into the global summit in November. The most active and engaged local delegates will also be invited to attend and participate in the deliberations at the summit. All sessions leading up to the summit will be scribed and recorded by college students from partnering universities and schools.