口译教程个人理财译文

口译教程个人理财译文

Personal Finance: Past, Present and FutureIntroductionIn recent

years, the need for financial education has gained the attention of

awide range of entities including banking companies, government

agencies, grass -rootsconsumer and community interest groups，

universities, schools, and otherorganizations. Numerous factors

have led to a complex, specialized financial servicesmarketplace that

requires consumers to be actively engaged if they are to manage

theirfinances efectively.

The forces of technology and market innovation, driven

byincreased competition, have resulted in a sophisticated industry

in which consumersare offered a broad spectrum of services by a

wide array of providers. Other importantdemographic and market

trends contributing to concerms include increased diversityof the

population, resulting in households that may face language, cultural,

or otherbarriers to establishing a banking relationship; expanded

access to credit for youngerpopulations; and increased employee

responsibility- for directing their owninvestments in employer-

sponsored retirement and pension prevailing concern is

that consumers lack a working knowledge of financialconcepts and

do not have the tools they need to make decisions most

advantageous totheir economic welbeing. Financial decisions made

by consumers affect anindividual's or family's curent financial

wellbeing and ability to save for long-termgoals such as buying a

home, seeking higher education, or financing retirement. Inaddition,

the consumer decisions also play an important role in the overall

economichealth of the nation, as was experienced through the

recent economic recent economic issues such as credit

card debt, home foreclosures,reduced savings, declining values of

investments, the collapse of the subprime lendingmarket, and

escalating numbers of personal bankruptey have focused the

nation'sattention on the importance of financial education.

Technological advances have transformed nearly every aspect

of the marketing,delivery, and processing of financial products and

service. The forces of technologyand market innovation, driven by

increased competition, have resulted in asophisticated industry in

which a wide array of providers offers consumers a broadspectrum

of financial products and services. These developments have

givenconsumers more options and greater flexibility in creating

financial arrangements thatbest suit their needs. However, a

complex and specialized financial servicesmarketplace requires

consumers to be informed and actively engaged if they are

tomanage their finances there are many causes to

the economic problems facing the country, it isundeniable that a

lack of financial education is a contributing factor. Far too

manyAmericans entered into home and other loan agreements that

they did not understandand ultimately could not afford. More

broadly, the lack of basic skills such as how tocreate and maintain a

budget, understand credit, or save for the future are

preventingmillions of Americans from taking advantage of our

vibrant economic ial education is not an issue unique

to any one population. It affects everyone-men and women, young

and old, across all racial and socioeconomic lines (ment

of the Treasury, Office of Financial Education, 2008).

Under these circumstances, there is a renewed attention to

personal financeeducation. This subject matter is currently gaining

attention from various quarters ofsociety, such as academia,

govermment, corporations and nonprofit is an

increasing recognition of the importance of this area within

severalacademic quarters, such as economics and finance， that

were traditionally notinvolved in this subject matter.

One of the challenges, with increased interest fromdiverse

programs, is the loss of focus on the family and more of a

concentration onindividual decision making. Financial education

programs are now being referred toby a variety of names, the most

frequently used name being“financial literacy";however, the term

financial literacy means different things to different people. Thereis

no national standard that describes the expectations of a course

labeled "financialliteracy" regarding the core content, core

competencies, assessment of the impact, andprofessional

preparation of the teacher.