In order to retire on one's own terms, an individual must manage their debt responsibility, choose a mortgage suitable to their financial situation, and invest appropriately.

Thank you very much.

I am extremely interested in your readiness program, in this case retirement readiness, to help people plan their golden years after their work here.

I sense an enthusiasm in this area of financial literacy and the importance it has for the Federal workforce.

the Talent-Nelson amendment enacted in 2007 limits the terms of consumer credit extended to military families.

Thank you so much for your efforts and your responses to our questions.

Mr. Salisbury, GAO indicated that the Financial Literacy and Education Commission could increase its effectiveness and success by improving its internal coordination between member agencies.

I plan to work closely with all of you to improve Federal financial literacy efforts.

The leadership on financial literacy exhibited by the President, Secretary, and many others is all the more critical now because so many Americans are struggling financially.

Financial literacy is an issue that must be addressed as we continue to grapple with severe economic challenges and global recession.

The negative impacts of financial illiteracy are less obvious when the economy is booming, employment is plentiful, and wages rise.