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

Treasury Secretary Scott Bessent is pitching a financial literacy campaign and an investment account program to leaders of the world's largest economies. The initiative, backed by the United States, was announced from Asheville, North Carolina.

According to the provided reports, the campaign is driven in part by Bessent's own experience with poverty as a child. The proposed investment account program was initially begun under President Donald Trump.