,,iv #aacth ,,congress #b;d ,session ,h4 ,,res4 #gba ,,in ,,the ,,house ,,of ,,representatives ,september #aa1 #bjad ,mr4 ,foster 7for himself1 ,mr4 ,carson of ,indiana1 ,mr4 ,cartwright1 ,mr4 ,cohen1 ,mr4 ,hastings of ,florida1 ,mr4 ,hinojosa1 ,mr4 ,holt1 ,ms4 ,eddie ,bernice ,johnson of ,texas1 ,ms4 ,kelly of ,illinois1 ,mr4 ,lance1 ,mr4 ,langevin1 ,ms4 ,lee of ,california1 ,mrs4 ,mc,carthy of ,new ,york1 ,mr4 ,meeks1 ,ms4 ,norton1 ,mr4 ,pocan1 ,mr4 ,quigley1 ,mr4 ,rangel1 ,mr4 ,schneider1 and ,mr4 ,tiberi7 submitted the following resolution2 which was referred to the ,committee on ,financial ,services ,,resolution ,encouraging greater public-private sector collaboration to promote financial literacy for students and young adults4 ,whereas personal financial literacy is essential to ensuring that individuals are prepared to make informed decisions about financial planning1 wealth accumulation1 higher education loans1 #ebi savings plans1 managing credit cards1 and other debt along with budgeting2 ,whereas many young people are ill-equipped to handle major financial decisions in an increasingly complex financial marketplace2 ,whereas personal financial management skills begin to develop during childhood2 ,whereas the move away from traditional pensions to defined contribution plans requires more financial education1 so workers need to be equipped with the financial aptitude to not only save and accumulate assets1 but they need to be prepared to turn those savings into lifetime income2 ,whereas the ,council for ,economic ,education found that only #af ,states require that some sort of personal finance education be offered in high schools and only #ae ,states require that course for graduation2 ,whereas a bi-annual study by the ,jumptart ,coalition for ,personal ,financial ,literacy found that only #e percent of high school seniors and only #be percent of graduating college students can be considered financially literate2 ,whereas1 according to a study conducted by ,sallie ,mae1 an increasing number of high school seniors are obtaining credit cards and the average graduating college student has a credit card debt of #d1ajj2 ,whereas a longitudinal research study by the ,university of ,arizona found that high school and college students who have been exposed to ongoing financial education show an increase in financial knowledge2 ,whereas the ,consumer ,financial ,protection ,bureau was created to educate consumers and help them make better-informed financial decisions by helping make the financial markets safer for consumers1 increasing transparency to enable individuals to compare products and make informed decisions and promote policies that help consumers improve their financial knowledge and capability2 ,whereas the ,bureau issued a report in #bjac that included a number of recommendations to improve financial literacy for students2 ,whereas section #cdb of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act directs the ,federal financial regulatory agencies to partner with industry organizations and high schools in targeted areas to help promote financial literacy and create industry internships1 summer employment and full-time positions for talented minorities and women2 ,whereas the #bjab ,national ,financial ,capability ,study1 developed in consultation with the ,department of the ,treasury and ,president ,obama's ,advisory ,council on ,financial ,capability1 updates key measures from the #bjji ,national ,financial ,capability ,study of ,american adults and deepens the exploration of topics that are highly relevant today1 including student loans and medical debt2 ,whereas the ,money as ,you ,learn ,initiative1 a coalition of non-profit and for profit organizations1 teachers1 and academics1 provides concrete tools for educators to show how personal finance can provide appropriate context and content for mathematics and ,english language arts teaching2 ,whereas the ,federal ,reserve offers publications in ,english and ,spanish that provide consumers tips on a broad range of topics1 from avoiding mortgage foreclosure scams to managing a checking account2 and ,whereas a study entitled ,financial ,literacy1 ,financial ,education and ,downstream ,financial ,behaviors1 conducted by ,daniel ,fernandes1 ,john ,g4 ,lynch1 ,jr41 and ,richard ,netemeyer1 found that it is best to provide assistance just before a decision is made in what is known as just-in-time education3 ,now1 therefore1 be it ,that the ,house of ,representatives-- 7#a7 emphasizes the importance of raising awareness of individual financial capability by providing relevant information1 financial workshops1 and other decisionmaking tools to consumers of all ages2 7#b7 supports the efforts of the ,president's ,advisory ,council on ,financial ,literacy in working with the public and private sectors to increase financial education for youth in school and for adults in the workplace1 to increase access to financial services1 to establish measures of national financial literacy1 to conduct research on financial knowledge1 and to strengthen financial education programs2 7#c7 reaffirms the purposes of section #cdb of the ,dodd-,frank ,act1 which directs ,federal financial agencies and the entities which they regulate to partner with organizations that are focused on developing opportunities for minorities and women to place talented young minorities and women in industry internships1 summer employment1 and full-time positions2 7#d7 supports the efforts of the ,consumer ,financial ,protection ,bureau to provide consumers with relevant information and decisionmaking tools regarding important financial decisions2 and 7#e7 urges the ,secretary of the ,treasury to consult with the ,financial ,industry ,regulatory ,authority and implement future national financial capability studies4