,,iii  #aaeth ,,congress  #b;d ,session 
,s4 ,,res4 #dij  ,,in ,,the ,,senate    
,,of ,,the ,,united ,,states  ,april    
#bf1 #bjah,mr4 ,reed 7for himself1 ,mr4 
,scott1 ,mr4 ,donnelly1 ,mrs4           
,feinstein1 ,mr4 ,blunt1 ,mr4 ,kennedy1 
,mr4 ,manchin1 ,mr4 ,boozman1 ,mrs4     
,murray1 ,ms4 ,klobuchar1 ,mrs4 ,capito1
 ,mrs4 ,ernst1 ,ms4 ,smith1 ,mr4        
,whitehouse1 ,mr4 ,coons1 ,mr4 ,durbin1 
,mr4 ,cardin1 ,ms4 ,cantwell1 ,mr4      
,booker1 ,mr4 ,menendez1 ,mr4 ,carper1  
and ,mr4 ,wicker7 submitted the         
following resolution2 which was         
considered and agreed to  ,,resolution  
,designating ,april #bjah as ,financial 
,literacy ,month4  ,whereas1 according  
to the ,federal ,deposit ,insurance     
,corporation 7referred to in this       
preamble as the ,,fdic71 at least #bf4i 
percent of households in the ,united    
,states1 or nearly #cc1ejj1jjj          
households with approximately           
#ff1gjj1jjj adults1 are unbanked or     
underbanked and therefore have not had  

an opportunity to access savings1       
lending1 and other basic financial      
services2 ,whereas1 according to the    
,,fdic1 approximately #cj percent of    
banks reported in #bjaa that consumers  
lacked an understanding of the financial
 products and services banks offered2   
,whereas1 according to the #bjag        
,consumer ,financial ,literacy ,survey  
final report of the ,national           
,foundation for ,credit ,counseling--   
7#a7 #hj percent of adults in the       
,united ,states acknowledged that they  
could benefit from additional advice and
 answers to everyday financial questions
 from a professional2  7#b7 #ci percent 
of households in the ,united ,states    
reported carrying credit card debt from 
month to month2  7#c7 only #dj percent  
of adults in the ,united ,states        
maintain a budget2  7#d7 #be percent of 
adults in the ,united ,states do not    
have any money saved for retirement2 and
  7#e7 #af percent of adults in the     
,united ,states identified not having   

enough rainy day savings for an         
emergency1 and #ah percent of adults in 
the ,united ,states identified not      
having enough money set aside for       
retirement1 as the most worrisome area  
of personal finance2  ,whereas the #bjag
 ,retirement ,confidence ,survey        
conducted by the ,employee ,benefit     
,research ,institute found that #gc     
percent of workers are not currently    
saving for retirement2 ,whereas1        
according to the statistical release of 
the ,board of ,governors of the ,federal
 ,reserve ,system for the fourth quarter
 of #bjag entitled ,financial ,accounts 
of the ,united ,states3 ,flow of ,funds1
 ,balance ,sheets1 and ,integrated      
,macroeconomic ,accounts1 outstanding   
household debt in the ,united ,states   
was #ae1ffj1jjj1jjj1jjj at the end of   
the fourth quarter of #bjag2 ,whereas1  
according to the #bjah ,survey of the   
,states3 ,economic and ,personal        
,finance ,education in ,our ,nation's   
,schools1 a biennial report by the      

,council for ,economic ,education--     
7#a7 only #bb ,states require students  
to take an economics course as a high   
school graduation requirement2 and  7#b7
 only #ag ,states require students to   
take a personal finance course as a high
 school graduation requirement1 either  
independently or as part of an economics
 course2  ,whereas1 according to the    
,gallup-,,hope ,index1 only #eb percent 
of students in the ,united ,states have 
money in a bank or credit union account2
 ,whereas expanding access to the safe1 
mainstream financial system will provide
 individuals with less expensive and    
more secure options for managing        
finances and building wealth2 ,whereas  
quality personal financial education is 
essential to ensure that individuals are
 prepared-- 7#a7 to manage money1       
credit1 and debt2 and  7#b7 to become   
responsible workers1 heads of household1
 investors1 entrepreneurs1 business     
leaders1 and citizens2  ,whereas        
increased financial literacy empowers   

individuals to make wise financial      
decisions and reduces the confusion     
caused by an increasingly complex       
economy2 ,whereas a greater             
understanding of1 and familiarity with1 
financial markets and institutions will 
lead to increased economic activity and 
growth2 and ,whereas1 in #bjjc1         
,congress-- 7#a7 determined that        
coordinating ,federal financial literacy
 efforts and formulating a national     
strategy is important2 and  7#b7 in     
light of that determination1 passed the 
,financial ,literacy and ,education     
,improvement ,act 7#bj ,u4,s4,c4 #igja  
et seq471 establishing the ,financial   
,literacy and ,education ,commission3   
,now1 therefore1 be it  ,that the       
,senate-- 7#a7 designates ,april #bjah  
as ,financial ,literacy ,month to raise 
public awareness about--  7,a7 the      
importance of personal financial        
education in the ,united ,states2 and   
7,b7 the serious consequences that may  
result from a lack of understanding     

about personal finances2 and  7#b7 calls
 on the ,federal ,government1 ,states1  
localities1 schools1 nonprofit          
organizations1 businesses1 and the      
people of the ,united ,states to observe
 ,financial ,literacy ,month with       
appropriate programs and activities4