PRINTER'S NO. 1647
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE RESOLUTION
No.
310
Session of
2015
INTRODUCED BY GORDNER, DINNIMAN, TEPLITZ, WOZNIAK, SABATINA,
GREENLEAF, HAYWOOD, RAFFERTY, HUTCHINSON, BROWNE, FONTANA,
COSTA, SCHWANK, MENSCH, YUDICHAK, WHITE, FARNESE, FOLMER,
BARTOLOTTA, BAKER, HUGHES AND VULAKOVICH, MARCH 22, 2016
INTRODUCED AND ADOPTED, MARCH 22, 2016
A RESOLUTION
Recognizing the month of April 2016 as "Financial Literacy
Month" in Pennsylvania.
WHEREAS, Throughout the United States, the financial services
industry benefits millions of people by providing products and
services which allow individuals and families to build homes,
buy cars, finance educations, start businesses and plan for
retirement; and
WHEREAS, Personal financial education is essential to ensure
that individuals are prepared to manage credit, debt and
investments in order to become responsible workers, investors,
entrepreneurs and business leaders; and
WHEREAS, Financial education is linked to lower delinquency
rates for mortgage borrowers, higher participation and
contribution rates in retirement plans, improved spending and
saving habits, higher net worth and positive knowledge, attitude
and behavior changes; and
WHEREAS, Financial literacy empowers individuals to make wise
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financial decisions in an increasingly complex economy; and
WHEREAS, Many young people fail in the management of their
first consumer credit experience, establish bad financial
management habits and stumble financially, learning by trial and
error; and
WHEREAS, Personal financial practices and habits are often
formed during our youth; and
WHEREAS, The National Council on Economic Education, its
state councils and centers for economic education and the
Jump$tart Coalition for Personal Financial Literacy, its state
affiliates and its partner organizations have designated the
month of April as "Financial Literacy Month" to educate the
public about the need for increased financial literacy for
youths in the United States; therefore be it
RESOLVED, That the Senate recognize the month of April 2016
as "Financial Literacy Month" in Pennsylvania; and be it further
RESOLVED, That legislators, employers, schools, service
groups, community organizations, libraries, financial
institutions and the media be encouraged to provide
opportunities for financial literacy education for all
Pennsylvanians through a variety of means, including
collaboration with organizations such as Economics Pennsylvania,
the largest not-for-profit economic and financial literacy
organization in this Commonwealth, in order to provide outreach
and education.
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