,,iv  #aacth ,,congress  #b;d ,session  
,h4 ,,res4 #dif  ,,in ,,the ,,house ,,of
 ,,representatives  ,february #bh1 #bjad
 ,mr4 ,hinojosa 7for himself and ,mr4   
,stivers7 submitted the following       
resolution2 which was referred to the   
,committee on ,financial ,services      
,,resolution  ,recognizing the          
importance of savings to financial      
security4  ,whereas financial security  
is one of the most important issues for 
most ,americans whether it involves     
saving enough for their children's      
college education1 saving for an        
unforeseen emergency1 a house1 or their 
retirement2 ,whereas personal savings as
 a percentage of disposable income      
reached a #ab-month average of #d4e     
percent in #bjac1 according to ,bureau  
of ,economic ,analysis data2 ,whereas   
student loans outstanding have reached  
over one trillion dollars1 and are      
hindering young people across ,america  
from purchasing their first home2       
,whereas #di4e percent of ,american     

families reported they did not save in  
#bjaj1 according to the #bjab ,federal  
,reserve ,board's ,survey of ,consumer  
,finances1 which also found that less   
than half of the population has a       
savings account or one month of savings 
or liquid assets2 ,whereas a #bjac      
,survey by the ,employee ,benefit       
,research ,institute found that there   
are savers and spenders in all income   
classes and almost all have the ability 
to build wealth through contributions to
 a workplace retirement program1        
building home equity1 and other savings2
 ,whereas older ,americans are more     
likely to live within #bjj percent of   
poverty than any other age group1       
according to the #bjaj ,employee        
,benefit ,research ,institute's         
,databook1 and more than #ij percent of 
the current elderly population relies on
 ,social ,security for over three       
fourths of their annual income according
 to a #bjac ,social ,security           
,administration report on ,income of the

 ,elderly over ,age #fe1 #bjac1 and the 
average savings of retirees remains at  
#ej1jjj per according to the ,employee  
,benefit ,research ,institute for #bjab1
 and the current financial crisis is    
draining those funds2 ,whereas ,america 
,saves1 managed by the ,consumer        
,federation of ,america1 was established
 #ac years ago as an annual nationwide  
campaign that encourages consumers1     
especially lower-income households1 to  
pledge to save and establish a personal 
savings goal in an effort to build      
personal wealth and enhance financial   
security2 ,whereas ,america ,saves now  
has #ec local1 ,state and national      
campaigns working with over #ejj        
mainstream financial institutions which 
provide no-fee or low-fee1 low-opening  
balance savings accounts that allow     
small savers to achieve success2        
,whereas government and non-government  
entities at the local1 ,state and       
national levels organize ,america ,saves
 campaigns to encourage individuals to  

open a savings account1 participate in  
workplace retirement programs1 and      
devise a savings plan2 ,whereas         
according to the #bjac ,america ,saves' 
,annual ,national ,survey ,assessing    
,household ,savings1 #ed percent of     
respondents said they 8have a savings   
plan with specific goals01 #dc percent  
said they 8have a spending plan that    
allows you to save enough money to      
achieve the goals of your saving plan01 
#ej percent of those not retired said   
they 8save for retirement at work       
through a #dja7k7 or other contributory 
plan01 and #di percent know their net   
worth2 ,whereas over #a1jjj local1      
,state1 and national organizations have 
motivated more than #ade1jjj people to  
enroll as ,american ,savers2 ,whereas   
over #b1jjj local1 ,state1 and national 
organizations have motivated more than  
#cej1jjj people to enroll as ,american  
,savers2 and ,whereas setting a savings 
goal1 making a savings plan1 and making 
savings automatic is the primary focus  

for this year's ,america ,saves ,week1 a
 theme reflected in the work of the     
,financial and ,economic ,literacy      
,caucus1 ,federal agencies1 non-profits1
 community-based groups1 private sector 
organizations3 ,now1 therefore1 be it   
,that the ,house of ,representatives--  
7#a7 recognizes the importance of       
savings to financial security2  7#b7    
supports the goals and ideals of        
,america ,saves ,week2 and  7#c7        
requests that the ,president issue a    
proclamation calling on the ,federal    
,government1 ,states1 localities1       
schools1 nonprofit organizations1       
businesses1 other entities1 and the     
people of the ,united ,states to observe
 the week with appropriate programs and 
activities with the goal of increasing  
the savings rates for individuals of all
 ages and walks of life4