Thursday’s speaker was John Pelletier of Stowe, who is director of the Center for Financial Literacy at Champlain College. The center is designed to promote and develop financial literacy skills in kindergarten through 12th grade students, college students, teachers and adults.
Pelletier, a former chief operating officer and chief legal officer at some of the largest asset management firms in the U.S., believes a lack of knowledge about credit, investing and financial planning is at the heart of our recent economic downturn. The Center for Financial Literacy has raised more than $188,000 to tackle the problem, Pelletier said. Much of the financial support has come from Vermont’s major financial institutions. He believes that if we can do a better job of teaching children about finance, we may avoid problems in the future.