,h4 ,,res4 #cbg  ,in the ,house of      
,representatives1 ,u4 ,s41  ,april #cj1 
#bjai  ,,resolution  ,whereas personal  
financial literacy is essential to      
ensuring that individuals are prepared  
to make informed decisions about        
budgeting1 financial planning1 wealth   
accumulation1 higher education loans1   
#ebi savings plans1 managing credit     
cards1 and managing other debt2 ,whereas
 often 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 ,whereas1 according to
 the report of the ,girl ,scout         
,research ,institute entitled ,having it
 ,all3 ,girls and ,financial ,literacy1 
only #ab percent of girls feel very     
confident about making financial        
decisions2 ,whereas the move away from  
traditional pensions and toward 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 also to turn those assets into      
lifetime income2 ,whereas the ,council  
for ,economic ,education found that only
 #bb ,states require high schools to    
offer some type of personal finance     
course and only #ag ,states require that
 course for high school graduation2     
,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 #bjae 
,national ,financial ,capability ,study1
 developed in consultation with the     
,department of the ,treasury and        
,president'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 ,federal 
,reserve ,system 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 ,whereas a study conducted by 
,daniel ,fernandes1 ,john ,g4 ,lynch1   
,jr41 and ,richard ,netemeyer entitled  
,financial ,literacy1 ,financial        
,education and ,downstream ,financial   
,behaviors found that it is best to     
provide assistance just before a        
decision is made in what is known as    
just-in-time education2 and ,whereas on 
,september #f1 #bjah1 the ,u4,s4 ,house 
of ,representatives passed1 by a vote of
 #djf to #d1 ,h4,r4 #afce1 the          
,empowering ,students ,through ,enhanced
 ,financial ,counseling ,act1 which     
helps improve financial aid counseling  
for students receiving a ,pell ,grant or
 a ,federal loan3 ,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 decision-making    
tools to consumers of all ages2  7#b7   
supports the efforts of ,federal        
financial agencies 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#c7 supports the 
efforts of the ,federal financial       
agencies to provide consumers with      
relevant information and decision-making
 tools regarding important financial    
decisions2 and  7#d7 urges the          
,department of the ,treasury to consult 
with the ,financial ,industry           
,regulatory ,authority and implement    
future national financial capability    
studies4  ,clerk4