Bessent pitches US-backed financial literacy competition to world’s largest economies


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ASHEVILLE, N.C. (AP) — Driven in part by his own experience with poverty as a child, Treasury Secretary Scott Bessent is pitching a financial literacy campaign to leaders of the world’s largest economies and suggesting an investment account program begun under President Donald Trump as a model for it.

As he hosted finance ministers from rich and developing nations in the G20, Bessent on Tuesday announced U.S. sponsorship for a competition called the “Financial Literacy Solutions Sprint.”

The competition is intended to discover and showcase “innovative technology- and data-enabled solutions” developed across the Group of 20 countries to strengthen financial literacy.

Four fin...

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