IV 
119TH CONGRESS 
1ST SESSION 
H. RES. 292 
Supporting the goals and ideals of ‘‘Financial Literacy Month’’. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 3, 2025 
Mrs. BEATTY (for herself, Mrs. KIM, Mr. BACON, Mr. CARSON, Mr. CASE, Mr. 
CLEAVER, Mr. FITZPATRICK, Mr. FLOOD, Ms. GARCIA of Texas, Mr. 
JOHNSON of Georgia, Mr. MEUSER, Ms. SALAZAR, Mr. DAVID SCOTT of 
Georgia, Ms. SEWELL, Ms. STANSBURY, Mr. THANEDAR, Mr. VALADAO, 
Ms. WILLIAMS of Georgia, and Mr. MOORE of North Carolina) submitted 
the following resolution; which was referred to the Committee on Over-
sight and Government Reform 
RESOLUTION 
Supporting the goals and ideals of ‘‘Financial Literacy 
Month’’. 
Whereas, according to the Federal Deposit Insurance Cor-
poration (referred hereinafter as the ‘‘FDIC’’), at least 
14.2 percent of households in the United States, or near-
ly 19,000,000 households, are unbanked or underbanked 
and therefore have not had an opportunity to access sav-
ings, lending, and other basic financial services; 
Whereas, according to the 2024 Consumer Financial Literacy 
and Preparedness Survey final report of the National 
Foundation for Credit Counseling— 
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(1) only 42 percent of adults in the United States 
have a budget; 
(2) 80 percent of adults in the United States ac-
knowledged that they could benefit from additional advice 
and answers to everyday financial questions from a pro-
fessional; and 
(3) 1 in 3 adults in the United States admitted they 
do not pay all their bills on time; 
Whereas the Report on the Economic Well-Being of U.S. 
Households in 2021 by the Board of Governors of the 
Federal Reserve found that 32 percent of adults could 
not cover a $400 emergency expense without borrowing 
or selling something of value; 
Whereas, according to the Quarterly Report on Household 
Debt and Credit for the fourth quarter of 2024 released 
by the Federal Reserve Bank of New York’s Center for 
Microeconomic Data, outstanding household debt in the 
United States was $18,040,000,000,000; 
Whereas, according to the 2024 Survey of the States: Eco-
nomic and Personal Finance Education in Our Nation’s 
Schools, a biennial report by the Council for Economic 
Education— 
(1) only 28 States require students to take an eco-
nomics course as a high school graduation requirement; 
and 
(2) only 35 States require students to take a per-
sonal finance course as a high school graduation require-
ment, either independently or as part of an economics 
course; 
Whereas, according to the Fidelity Investments 2023 Teens 
and Money Study surveying young people ages 13 to 17, 
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only 49 percent of students in the United States have 
opened a bank account; 
Whereas expanding access to the safe, mainstream financial 
system will provide individuals with less expensive and 
more secure options for managing finances and building 
wealth; 
Whereas quality personal financial education is essential to 
ensure that individuals are prepared— 
(1) to manage money, credit, and debt; and 
(2) to become responsible workers, heads of house-
hold, investors, entrepreneurs, business leaders, and citi-
zens; 
Whereas increased financial literacy empowers individuals to 
make wise financial decisions and reduces the confusion 
caused by an increasingly complex economy; 
Whereas a greater understanding of, and familiarity with, fi-
nancial markets and institutions will lead to increased 
economic activity and growth; and 
Whereas, in 2003, Congress— 
(1) determined that coordinating Federal financial 
literacy efforts and formulating a national strategy is im-
portant; and 
(2) in light of that determination, passed the Finan-
cial Literacy and Education Improvement Act (20 U.S.C. 
9701 et seq.), establishing the Financial Literacy and 
Education Commission: Now, therefore, be it 
Resolved, That the House of Representatives— 
(1) supports the goals and ideals of ‘‘Financial 
Literacy Month’’ to raise public awareness about— 
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(A) the importance of personal financial 
education in the United States; and 
(B) the serious consequences that may re-
sult from a lack of understanding about per-
sonal finances; and 
(2) calls on the Federal Government, States, lo-
calities, schools, nonprofit organizations, businesses, 
and the people of the United States to observe ‘‘Fi-
nancial Literacy Month’’ with appropriate programs 
and activities. 
Æ 
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