Money makes the world go around, according to the old saying. For everyday consumers in America, they can be confident that federal employees are looking out for their financial security so they have the money they need to make their worlds go around.
Federal employees across the government work to ensure that the financial system has appropriate safeguards and protections that give Americans peace of mind.
Here are the top five ways federal employees look out for your financial security.
- Financial Literacy
Finances can be intimidating. How do I get the best rate on a loan? Where is my money safe? How can I save for retirement? Federal employees want to help and are committed to producing material that explains how to best accomplish what you want to do, and what your rights are. Take a look around the Internet and prepare to be surprised at what you can learn from federal agencies.
- Money in the Bank or Credit Union
If you have a checking or savings account in your local bank your money is protected up to $250,000 in case the bank fails. The same is true for your credit union.
- What About the Big Banks?
Yes, there are federal employees who work with the biggest banks to ensure that customers are protected and treated fairly.
- Mortgages, Student Loans, and Credit Cards
These are common financial products that many people use. Federal employees have your back here too. They keep an eye on lending practices, billing procedures and other legalese that might trip someone up.
- Money in the Market, Playing the Futures?
This can be a solid way to invest your money but only if all investors are playing by the same rules. No fear, though they can’t help with market volatility, federal employees can help make the playing field level.
The financial system works best when those using its products have faith in the institutions and believe they are protected against fraud and schemes that don’t deliver. That is what federal employees bring to the table every day.
So sleep well knowing that your money is safe and not under the mattress.
Tony Reardon is part of the GovLoop Featured Blogger program, where we feature blog posts by government voices from all across the country (and world!). To see more Featured Blogger posts, click here. Reardon is also National President of the National Treasury Employees Union, which represents 150,000 employees in 31 agencies.
Really interesting. If we think about getting just one dollar from each person in the world, we can know the reason of having a few too much rich people and many too much poor ones. Therefore, we can deduce that if we live from our daily work, I am referring to middle-class, a dollar stolen from our daily family budget make us get in trouble to pay the transport, a credit card or something that sounds so simple but make us a big damage on our daily journey and our family’s too.
Nowadays, I am having some situations with a credit I got from FONACOT which is a benefit for regular-formal employees. What has been more difficult is that people in charge of the brands do not understand the concepts, accounting basical maths, so that it becomes impossible to clarify financial topics with them. I had to contact the headquarters and I am being helped by them. It is incredible that mexican government employees are hired when they do not know how to do their work, and it is incredible that mexican government do nothing to teach them how to do their job before starting to work. It must be a requirement to get the training before starting and to have the correspong professional profile to the job possition. I am sure money can be safe if our governments choose the right people for the government jobs.