,,iv  #aae? ,,congress  #a/ ,session    
,h4 ,,res4 #bdg  ,,9 ,,! ,,h\se ,,(     
,,repres5tatives  ,april #d1 #bjag,mr4  
,meeks 7= himself1 ,mr4 ,gonzalez (     
,texas1 ,mr4 ,pallone1 ,ms4 ,jayapal1   
,mr4 ,c>son ( ,indiana1 ,mr4 ,grijalva1 
,ms4 ,cl>ke ( ,new ,york1 & ,mr4 ,v>gas7
 submitt$ ! foll[+ resolution2 :i* 0    
ref]r$ to ! ,committee on ,ov]sight &   
,gov]nm5t ,re=m  ,,resolution  ,support+
 ! goals & ideals ( ,f9ancial ,lit]acy  
,mon?4  ,:]eas accord+ to ! #bjae       
,h\sehold ,survey ( ! ,f$]al ,deposit   
,insurance ,corporation1 #bf4i p]c5t (  
h\seholds 9 ! ,unit$ ,/ates1 or close to
 #ca1ejj1jjj h\seholds ) approximately  
#hc1jjj1jjj adults1 are unbank$ or      
und]bank$ &1 subsequ5tly1 h miss$       
opportunities = sav+s1 l5d+1 & basic    
f9ancial s]vices2 ,:]eas accord+ to !   
#bjaf ,consum] ,f9ancial ,lit]acy       
,survey ( ! ,national ,f\ndation =      
,cr$it ,c\nsel+1 #dd p]c5t ( adults 9 ! 
,unit$ ,/ates1 or m ?an #aaj1jjj1jjj    
adults liv+ 9 ! ,unit$ ,/ates1 gave     

!mselves a grade ( ,c1 ,d1 or ,f on _! k
 ( p]sonal f9ance2 ,:]eas ! #bjaf       
,retirem5t ,confid5ce ,survey conduct$  
by ! ,employee ,b5efit ,rese>* ,in/itute
 f\nd t only #ba p]c5t ( work]s 7 v     
confid5t ab\t hav+ en\gh money = a      
com=table retirem5t1 reflect+ a cont9u+ 
discrepancy ) pre-crisis confid5ce      
levels2 ,:]eas accord+ to ! #bjaf       
,retirem5t ,confid5ce ,survey conduct$  
by ! ,employee ,b5efit ,rese>*          
,in/itute1 less ?an half ( work]s &_/or 
_! sp\se 7#dh p]c5t7 9 ! ,unit$ ,/ates h
 tri$ to calculate h[ mu* !y ne$ to save
 = retirem5t2 ,:]eas accord+ to !       
,febru>y #bjag ,qu>t]ly ,report on      
,h\sehold ,debt & ,cr$it by ! ,f$]al    
,res]ve ,bank ( ,new ,york1 h\sehold    
debt /ood at #ab1fhj1jjj1jjj1jjj at !   
end ( ! f\r? qu>t] ( #bjaf1 reflect+ a  
#a4h p]c5t increase comp>$ to ! ?ird    
qu>t] ( #bjaf2 ,:]eas accord+ to ! #bjaf
 ,consum] ,f9ancial ,lit]acy ,survey ( !
 ,national ,f\ndation = ,cr$it ,c\nsel+1
 #bb p]c5t1 or ne>ly #ee1jjj1jjj adults1

 admit to n pay+ all ( _! bills on "t2  
,:]eas accord+ to ! #bjaf ,consum]      
,f9ancial ,lit]acy ,survey ( ! ,national
 ,f\ndation = ,cr$it ,c\nsel+1 only #dj 
p]c5t ( adults h a budget & keep close  
track ( _! sp5d+2 ,:]eas accord+ to !   
#bjaf ,consum] ,f9ancial ,lit]acy       
,survey ( ! ,national ,f\ndation =      
,cr$it ,c\nsel+1 #a 9 #c adults 7#cd    
p]c5t7 9 ! ,unit$ ,/ates1 or #he1jjj1jjj
 adults1 report t !y h no sav+s1 & only 
#bf p]c5t ( adults 9 ! ,unit$ ,/ates are
 n[ sav+ m ?an !y did a ye> ago because 
( ! curr5t economic climate2 ,:]eas     
accord+ to ! ,c\ncil = ,economic        
,education bi5nial ,survey ( ! ,/ates   
#bjaf3 ,economic1 ,p]sonal ,f9ance1 &   
,entrepr5eur%ip ,education 9 ,our       
,nation's ,s*ools1 only #bj ,/ates      
require /ud5ts to take an economics     
c\rse z a high s*ool graduation         
requirem5t1 two few] ?an 9 #bjad2 ,:]eas
 accord+ to ! ,c\ncil = ,economic       
,education bi5nial ,survey ( ! ,/ates   
#bjaf3 ,economic1 ,p]sonal ,f9ance1 &   

,entrepr5eur%ip ,education 9 ,our       
,nation's ,s*ools1 only #ag ,/ates      
require /ud5ts to take a p]sonal f9ance 
c\rse ei!r indep5d5tly or z "p ( an     
economics c\rse z a high s*ool          
graduation requirem5t2 ,:]eas =m] ,f$]al
 ,res]ve ,bank ,*airman ,b5 ,b]nanke 9  
#bjaa /ress$1 be=e a ,s5ate             
,subcommittee on ,ov]sight ( ,gov]nm5t  
,managem5t1 ! ,f$]al ,work=ce1 & !      
,di/rict ( ,columbia1 ! importance (    
mak+ f9ancial education a life-long     
pursuit1 consid]+ t well-in=m$ consum]s 
are a solid def5se aga9/ ! spread (     
f9ancial products & s]vices t are       
unsuitable1 unnecess>ily co/ly1 or      
abusive2 ,:]eas accord+ to a #bjad /udy 
by ,annam>ia ,lus>di f ,george ,wa%+ton 
,univ]sity & ,olivia ,s4 ,mit*ell f !   
,univ]sity ( ,p5nsylvania1 econometric  
models & exp]im5ts are confirm+ ! causal
 effect ( f9ancial lit]acy on economic  
decision mak+1 sep>at+ f9ancial lit]acy 
f o!r factors1 su* z education &        
cognitive ability2 ,:]eas exp&+ access  

to ! ma9/ream f9ancial sy/em w provide  
individuals ) less exp5sive & m secure  
options = manag+ f9ances & build+ weal?2
 ,:]eas quality p]sonal f9ancial        
education is ess5tial to ensure t       
individuals are prep>$ to manage money1 
cr$it1 & debt1 & to become responsible  
work]s1 heads ( h\seholds1 inve/ors1    
entrepr5eurs1 bus9ess lead]s1 & citiz5s2
 ,:]eas increas$ f9ancial lit]acy emp[]s
 individuals to make wise f9ancial      
decisions & r$uces ! confusion caus$ by 
an increas+ly complex economy2 ,:]eas a 
great] und]/&+ (1 & famili>ity )1       
f9ancial m>kets & in/itutions w lead to 
increas$ economic activity & gr[?2      
,:]eas 9 #bjjc & #bjaa1 ,congress f\nd x
 important to coord9ate ,f$]al f9ancial 
lit]acy ef=ts & =mulate a national      
/rategy2 & ,:]eas 9 #bjjc1 ,congress    
pass$ ! ,f9ancial ,lit]acy & ,education 
,improvem5t ,act 7#bj ,u4,s4,c4 #igja et
 seq471 e/abli%+ ! ,f9ancial ,lit]acy & 
,education ,commission3 ,n[1 !re=e1 be x
  ,t ! ,h\se ( ,repres5tatives-- 7#a7   

supports ! goals & ideals ( ,f9ancial   
,lit]acy ,mon?1 to raise public aw>5ess 
ab\t--  7,a7 ! importance ( p]sonal     
f9ancial education 9 ! ,unit$ ,/ates2 & 
7,b7 ! s]i\s consequ5ces t may result f 
a lack ( und]/&+ ab\t p]sonal f9ances2 &
  7#b7 calls on ! ,f$]al ,gov]nm5t1     
,/ates1 localities1 s*ools1 nonpr(it    
organizations1 bus9esses1 & ! p ( !     
,unit$ ,/ates to support ! goals &      
ideals ( ,f9ancial ,lit]acy ,mon? )     
appropriate programs & activities4