IV 
111TH CONGRESS 
2D SESSION 
H. RES. 1082 
Supporting the goals and ideals of the fourth annual America Saves Week. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 22, 2010 
Ms. EDDIE BERNICE JOHNSON of Texas (for herself, Mr. HINOJOSA, and Mrs. 
BIGGERT) submitted the following resolution; which was referred to the 
Committee on Financial Services 
RESOLUTION 
Supporting the goals and ideals of the fourth annual America 
Saves Week. 
Whereas financial security is one of the most important 
issues for most Americans, whether it involves saving for 
a college education, an unforeseen emergency, a house, or 
for retirement; 
Whereas personal savings as a percentage of disposable in-
come has risen from 1.2 percent in the first quarter of 
2008 to 4.8 percent in the fourth quarter of 2009, ac-
cording to the Bureau of Economic Analysis; 
Whereas according to the Employee Benefit Research Insti-
tute, the percentage of workers very confident about hav-
ing enough money for a comfortable retirement fell to 13 
percent in 2009, down from 18 percent in 2008, and 
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•HRES 1082 IH 
more workers expect to work longer to supplement their 
income in retirement; 
Whereas older Americans are more likely to live within 200 
percent of poverty than any other age group, according 
to the 2009 Employee Benefit Research Institute’s 
Databook, and more than 60 percent of the current el-
derly population relies on Social Security for over three- 
fourths of their annual income, according to a 2009 So-
cial Security Administration report; 
Whereas the average savings of retirees remains at $50,000 
according to the Federal Reserve Board’s Survey of Con-
sumer Finances for 2007, and recent financial instability 
has diminished those funds; 
Whereas America Saves, managed by the Consumer Federa-
tion of America, was established nine years ago as an an-
nual nationwide campaign that encourages consumers, es-
pecially those in lower-income households, to increase 
their financial literacy, enroll as American Savers, and 
establish a personal savings goal in an effort to build per-
sonal wealth and enhance financial security; 
Whereas over 2,000 local, State, and national organizations, 
including government agencies, financial institutions, and 
non-profits, have motivated more than 245,000 people to 
enroll as American Savers through events such as finan-
cial literacy classes, financial fairs, free tax preparation 
assistance programs, and deposit campaigns; and 
Whereas encouraging automatic and habitual savings is a pri-
mary focus for this year’s America Saves Week, February 
21, 2010, through February 28, 2010, and that focus is 
reflected in the work of the Financial and Economic Lit-
eracy Caucus, America Saves, and American Savings 
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•HRES 1082 IH 
Education Council’s Choose to Save Campaign: Now, 
therefore, be it 
Resolved, That the House of Representatives— 
(1) recognizes the importance of savings to fi-
nancial security; 
(2) supports the goals and ideals of ‘‘America 
Saves Week’’; and 
(3) requests that the President issue a procla-
mation calling on the Federal Government, States, 
localities, schools, non-profit organizations, busi-
nesses, other entities, and the people of the United 
States to observe America Saves Week with appro-
priate programs and activities with the goal of in-
creasing the savings rates for individuals of all ages 
and walks of life. 
Æ 
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