Bill > SRes193

This resolution designates April 2025 as "Financial Literacy Month" in recognition of critical financial challenges facing Americans, including high rates of unbanked and underbanked households, increasing household debt, and limited financial education. Drawing on data from the Federal Deposit Insurance Corporation, Federal Reserve, and national surveys, the resolution highlights that approximately 4.2% of households are unbanked and 14.2% are underbanked, while outstanding household debt has increased significantly. The resolution emphasizes the importance of financial education, noting that 27 states have mandated financial education courses for high school students, and 83% of adults support requiring personal finance education for graduation. The resolution calls on the federal government, states, localities, schools, nonprofit organizations, businesses, and citizens to observe Financial Literacy Month through programs and activities aimed at raising awareness about personal financial education and the potential consequences of financial illiteracy. By promoting financial literacy, the resolution seeks to empower individuals to make sound financial decisions, reduce economic complexity, and support long-term financial inclusion and economic growth.

https://www.congress.gov/bill/119th-congress/senate-resolution/193/all-info