As our nation's financial troubles continue, more elected officials, business leaders and other policymakers are realizing that lasting solutions will not be possible without a redoubling of our collective efforts to improve our nation's financial literacy rate.

President Obama established the President's Advisory Council on Financial Capability, which is a group of eminent leaders in the private and non-profit sectors, as well as academics, pulled together to provide meaningful solutions to address this our collective financial illiteracy.

The presidential panel is the latest addition to a number of existing initiatives that include the Treasury Department's Financial Literacy and Education Commission, the National Council for Economic Education, and scores of state, regional and non-profit initiatives.