Bill > K00382

This resolution memorializes Governor Kathy Hochul to officially proclaim April 2025 as Financial Literacy Month in New York State, highlighting the critical importance of personal financial knowledge. The resolution emphasizes that financial literacy is essential for individuals to effectively manage money, credit, and debt, and helps people become responsible workers, investors, entrepreneurs, and citizens. It cites concerning financial statistics, such as 62% of Americans living paycheck to paycheck and credit card debt being the third-largest source of household indebtedness, to underscore the need for increased financial education. The resolution argues that improved financial literacy empowers individuals to make wise economic decisions, reduces confusion in an increasingly complex economic landscape, and can lead to increased economic activity and growth. By requesting the Governor to officially recognize Financial Literacy Month, the resolution aims to draw attention to the importance of financial education and encourage support through government and private partnerships to help individuals better understand financial markets and institutions.

https://www.nysenate.gov/legislation/bills/2025/K382