07 LC
96 2774
House
Resolution 825
By:
Representatives Fludd of the
66th,
Mosby of the
90th,
Knight of the
126th,
and Tumlin of the
38th
A
RESOLUTION
Urging
state and national officials to support the goals and ideals of "Financial
Literacy Month"; and for other purposes.
WHEREAS,
personal financial literacy is essential to ensure that individuals are prepared
to manage finances, credit, and debt and become responsible workers, heads of
households, investors, entrepreneurs, business leaders, and citizens;
and
WHEREAS,
a study completed in 2006 by the Jump$tart Coalition for Personal Financial
Literacy found that high school seniors know less about principles of basic
personal finance than did high school seniors seven years earlier;
and
WHEREAS,
in recent years, members of Congress, state legislatures, and governors
throughout the country have increasingly recognized the importance and
effectiveness of financial education, and as a result, an increasing number of
states now require financial education during high school; and
WHEREAS,
although 26 percent of people between the ages of 13 and 21 reported that their
parents actively taught them how to manage money, 55 percent of college students
acquire their first credit card during their first year in college, and 92
percent of college students acquire at least one credit card by their second
year in college; and
WHEREAS,
a study by the American Institute of Certified Public Accountants found that 55
percent of people between the ages of 25 and 34 maintain an interest-bearing
account or other savings instrument, a decrease of 10 percent since 1985;
and
WHEREAS,
the Georgia Council on Economic Education, the Georgia Coalition for Financial
Literacy, and others have designated April as "Financial Literacy Month" to
educate the public about the need for increased financial literacy for youth and
adults in Georgia and the rest of the United
States.
NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES that the members of this body hereby support the goals and ideals of "Financial Literacy Month," including raising public awareness about the importance of financial education in Georgia and the serious consequences that have resulted from a lack of understanding about personal finance.
NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES that the members of this body hereby support the goals and ideals of "Financial Literacy Month," including raising public awareness about the importance of financial education in Georgia and the serious consequences that have resulted from a lack of understanding about personal finance.
BE
IT FURTHER RESOLVED that the members of this body hereby encourage the federal
government, state governments, schools, nonprofit organizations, businesses, and
private citizens of the United States to observe "Financial Literacy Month"
through the appropriate programs and activities with the goal of increasing
financial literacy rates for individuals of all ages.
BE
IT FURTHER RESOLVED that the Clerk of the House of Representatives is authorized
and directed to transmit an appropriate copy of this resolution to Governor
Sonny Perdue, the United States Senate, the United States House of
Representatives, and to each member of the Georgia delegation.