,,iii #aai? ,,congress #b;d ,session ,s4 ,,res4 #fid ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #bh1 #bjbf,mr4 ,re$ 7= himself1 ,mr4 ,scott ( ,s\? ,c>ol9a1 ,mr4 ,banks1 ,ms4 ,blunt ,ro*e/]1 ,mr4 ,boozman1 ,mrs4 ,britt1 ,mr4 ,budd1 ,ms4 ,cantwell1 ,mrs4 ,capito1 ,ms4 ,coll9s1 ,mr4 ,cram]1 ,mr4 ,crapo1 ,mr4 ,durb91 ,mrs4 ,gillibr&1 ,mr4 ,hag]ty1 ,ms4 ,hassan1 ,mrs4 ,hyde-,smi?1 ,mr4 ,kelly1 ,mr4 ,k+1 ,ms4 ,lummis1 ,mr4 ,pet]s1 ,mr4 ,ricketts1 ,mr4 ,ris*1 ,mr4 ,r\nds1 ,mr4 ,tub]ville1 ,mr4 ,:iteh\se1 ,mr4 ,wick]1 ,mr4 ,mor5o1 & ,mr4 ,da9es7 submitt$ ! foll[+ resolution2 :i* 0 consid]$ & agre$ to ,,resolution ,designat+ ,april #bjbf z ,f9ancial ,lit]acy ,mon?4 ,:]eas survey rese>* conduct$ 9 #bjbe by ! ,national ,end[m5t = ,f9ancial ,education f\nd t-- 7#a7 #hh p]c5t ( ,unit$ ,/ates adults report$ feel+ "s =m ( f9ancial /ress z !y ent]$ #bjbf2 & 7#b7 #gg p]c5t ( ,unit$ ,/ates adults report$ t !y exp]i5c$ a f9ancial setback 9 #bjbe2 ,:]eas1 accord+ to ! #bjbc ,f$]al ,deposit ,insurance ,corporation ,national ,survey ( ,unbank$ & ,und]bank$ ,h\seholds-- 7#a7 approximately #d4b p]c5t ( h\seholds1 repres5t+ #e1fjj1jjj h\seholds 9 ! ,unit$ ,/ates1 rema9 unbank$ & !re=e h limit$ or no access to sav+s1 l5d+1 or o!r basic f9ancial s]vices2 & 7#b7 an e/imat$ #ad4b p]c5t ( h\seholds1 repres5t+ ab\t #ai1jjj1jjj h\seholds 9 ! ,unit$ ,/ates1 rema9 und]bank$1 includ+ ne>ly #a 9 #d h\seholds )\t a high s*ool diploma2 ,:]eas1 accord+ to a report entitl$ ,f9ancial ,capability ( ,adults ) ,disabilities by ! ,national ,disability ,in/itute & ! ,f9ancial ,indu/ry ,regulatory ,au?ority1 p ) disabilities are m likely to /ruggle ) ! key compon5ts ( f9ancial capability1 :i* are mak+ ends meet1 plann+ ahead1 manag+ f9ancial products1 & f9ancial k & decisionmak+1 & c\ld b5efit f t>get$ f9ancial education2 ,:]eas1 accord+ to ! /ati/ical release ( ! ,f$]al ,res]ve ,bank ( ,new ,york = ! f\r? qu>t] ( #bjbd entitl$ ,h\sehold ,debt & ,cr$it ,report-- 7#a7 out/&+ h\sehold debt 9 ! ,unit$ ,/ates has increas$ by #c1hij1jjj1jjj1jjj s9ce ! end ( #bjai2 7#b7 out/&+ /ud5t loan balances h increas$ /eadily dur+ ! la/ decade to m ?an #a1fjj1jjj1jjj1jjj2 & 7#c7 del9qu5cy rates increas$ = all debt types except = debt relat$ to /ud5t loans2 ,:]eas ! #bjbc ,employ] ,survey ( ! ,employee ,b5efits ,rese>* ,in/itute report$ t f9ancial wellness b5efits1 includ+ broad-bas$ f9ancial education1 are a tool to improve work] satisfaction & productivity2 ,:]eas1 accord+ to ! ,national ,end[m5t = ,f9ancial ,education1 z ( #bjbf1 a total ( #cj ,/ates h pass$ legislation requir+ /ud5ts to complete a f9ancial education c\rse prior to complet+ high s*ool1 repres5t+ m ?an #fj p]c5t ( all /ud5ts across ! ,unit$ ,/ates2 ,:]eas survey rese>* conduct$ 9 #bjbe by ! ,national ,end[m5t = ,f9ancial ,education reports t-- 7#a7 #hc p]c5t ( adults 9 ! ,unit$ ,/ates say t _! ,/ate %\ld require a seme/] or ye>-long c\rse focus$ on p]sonal f9ance education = high s*ool graduation1 & #hb p]c5t ( adults 9 ! ,unit$ ,/ates ^: high s*ools did n (f] su* a c\rse say !y wi% !y _h be5 requir$ to take "o 9 ord] to graduate2 7#b7 #a 9 #d respond5ts 9 multig5]ational h\seholds :o took f9ancial education 9 second>y s*ool & f\nd x useful report a quality ( f9ancial life t is bett] ?an !y expect$1 comp>$ to #aa p]c5t ( ^? :o did n take f9ancial education 9 second>y s*ool & a survey-wide av]age ( #af p]c5t2 & 7#c7 at lea/ #ge p]c5t ( ,unit$ ,/ates adults consid] p]sonal f9ance to be an ess5tial subject t %\ld be taught 9 high s*ool2 ,:]eas a gr[+ am\nt ( empirical evid5ce affirms t exposure to f9ancial education 9 high s*ool has measurable & sub/antive effects on ! f9ancial k & f9ancial behavior ( "y adults1 includ+ /udies t %[-- 7#a7 requirem5ts = f9ancial education 9 high s*ool-- 7,a7 are associat$ ) few] defaults & high] cr$it scores among "y adults ag$ #ah to #ba2 & 7,b7 increase ! likelihood t college-b\nd /ud5ts w apply = f9ancial aid2 7#b7 individuals expos$ to f9ancial education 9 high s*ool demon/rate great] f9ancial lit]acy &1 z a result1 are m likely to plan = retirem5t & less likely to report be+ f9ancially fragile2 & 7#c7 /&alone p]sonal f9ance c\rses (f]$ 9 high s*ool improve long-run cr$it scores & f9ancial wellbe+2 ,:]eas exp&+ access to ! safe1 ma9/ream f9ancial sy/em w provide individuals ) less exp5sive & m secure options = manag+ f9ances & build+ weal?2 ,:]eas quality p]sonal f9ancial education is ess5tial to ensure t individuals are prep>$ to-- 7#a7 make s\nd money managem5t decisions ab\t cr$it1 debt1 insurance1 f9ancial transactions1 & plann+ = ! future2 & 7#b7 become responsible work]s1 heads ( h\sehold1 inve/ors1 entrepr5eurs1 bus9ess lead]s1 & citiz5s2 ,:]eas f9ancial education 9 s*ools 9 ! ,unit$ ,/ates is critical to a long-t]m f9ancial inclusion /rategy to rea* /ud5ts :o are n able to get suffici5t p]sonal f9ance guidance at home2 ,:]eas increas$ f9ancial lit]acy-- 7#a7 emp[]s individuals to make wise f9ancial decisions2 & 7#b7 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 & ,:]eas1 9 #bjjc1 ,congress-- 7#a7 det]m9$ t coord9at+ ,f$]al f9ancial lit]acy ef=ts & =mulat+ a national /rategy is important2 & 7#b7 9 light ( t det]m9ation1 pass$ ! ,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 ! ,s5ate-- 7#a7 designates ,april #bjbf z ,f9ancial ,lit]acy ,mon? 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 obs]ve ,f9ancial ,lit]acy ,mon? ) appropriate programs & activities4