My Florida C F O

Fellow Floridians:

Last week, I introduced our latest financial literacy program called "Finance Your Future,” and I’m happy to say that we received a sundry of emails asking for more information about the program and inquiring if we offer other similar programs for younger children or adults.

While we have financial literacy programs aplenty that you can check out here, Finance Your Future’s greatest asset is that it can be used in different ways to help reach different audiences. Each of the program’s eight core lessons contain chapters that cover progressively more advanced topics like insurance and benefits. A middle schooler could easily absorb the first few lessons and then move on once the material got too advanced.

We’ve heard from many of you who say that, even in your 30s, 40s, and 50s, you’re still learning about personal finance because it was never taught to you. Adults can learn from the program as well. Whether as a refresher or seeing the content for the first time, adults who have paid their bills for years and even purchased homes can learn new information.

For example, here’s just one question from the Budgeting & Saving lesson that has stumped adults:
Question 1 Here’s another question from our Debt lesson that can shine light on the nuances of managing borrowed money:
Question 2 With more than 80 individual chapters and 200 randomly-selected quiz questions, Floridians of all ages can learn more about becoming financially fit. Some of our own staff — people who work in finance and insurance every day — have mentioned that they’ve learned more online than they ever did in school.

With no fees and accessibility from anywhere with an internet connection (yes, even from your smartphone), this is one class you can’t afford to miss.

Visit http://financeyourfuture.myfloridacfo.com/ today. Read a little bit after work, or use it as an educational family fun night.

If you have success with a program or have ideas on what we can do next, let us know. We’re always looking for feedback and we have the same goal: to help you do more with your money!

Sincerely,

Jeff
Jeff Atwater
Chief Financial Officer
State of Florida


Florida's Bottom Line graphicInside Florida's Bottom Line

A one-stop shop for the latest news and valuable insight on Florida's economy and financial health, Florida's Bottom Line is CFO Atwater's award-winning quarterly economic magazine and website.

Inside Florida's Bottom Line:

  • Discover Florida's emerging economic and business trends
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Florida’s Bottom Line website reports the latest Florida financial news, with detailed charts showing the trends of Florida's economy and jobs over the past eight years, updated when new stats are released.

Florida Economic Briefs

U.S. real GDP increased 1.6 percent in 2016
In the final revision from the U.S. Bureau of Economic Analysis, U.S. real GDP increased 1.6 percent in 2016. Real GDP is the value of all final goods and services produced by the nation’s economy after being adjusted for inflation. Florida’s 2016 real GDP growth will be released on May 11.
Source: U.S. Bureau of Economic Analysis

Florida’s 2016 personal income growth third highest in nation
According to a recent report from the U.S. Bureau of Economic Analysis, Florida’s personal income grew 4.9 percent in 2016, which was the third highest in the nation. Personal income is income that is received by all people in the U.S. from sources such as wages, owning a business, or owning financial assets.
Source: U.S. Bureau of Economic Analysis