Beatty Leads Bipartisan Resolution Championing Financial Health for Every American

April 4, 2025 Press Release WASHINGTON, DC – Today, Financial Literacy
and Wealth Creation Caucus Co-Chairs Congresswoman Joyce Beatty (OH-03) and
Congresswoman Young Kim (CA-40) introduced H.Res.292, a resolution to recognize
April as Financial Literacy Month to increase public awareness of the value of
financial capability and the need for sound money management practices.
Financial Literacy Month also provides an opportunity to advocate for financial
education in public schools, establishing a solid financial foundation for
future generations of Americans. “Encouraging financial literacy
among students, seniors, and hardworking American consumers is essential,” said Congresswoman Beatty. “When people are equipped
with the tools to develop healthy financial habits, they are empowered to take
control of their personal finances and create better economic outcomes for
their families—now and for generations to come. Financial literacy is a vital
skill that can mean the difference between economic hardship and lasting
financial freedom. Alongside Congresswoman Kim, I’m proud to lead the effort in
the U.S. House of Representatives to make financial capability a reality for
every American.” “Financial literacy empowers
individuals and families to make informed decisions, from budgeting and saving
to investing and planning for retirement. In California, where the cost of
living continues to rise, understanding personal finance is more important than
ever. The earlier Americans learn how to manage their finances, the better
prepared they will be to secure their financial future and avoid pitfalls like
fraud or debt,” said Congresswoman Young Kim. “As we recognize April as
Financial Literacy Month, I am proud to work as Financial Literacy and Wealth
Creation Co-Chair with Rep. Joyce Beatty to champion financial education and
ensure all Californians have the tools to build wealth and protect their
financial well-being for generations to come.” “Financial
Literacy Month highlights the importance of equipping students with essential
financial knowledge. Requiring high school students to take personal finance
courses ensures they graduate with the skills needed to make informed financial
decisions and build a prosperous future,” said Leslie Finnan, Senior Advocacy Director of the
Council for Economic Education (CEE). “CEE supports teachers in delivering this critical
education, empowering the next generation to succeed financially and contribute
to their communities.” “Financial
education is an essential component of improving overall financial well-being,
resulting in numerous demonstrated financial and societal benefits,” says Billy Hensley, Ph.D.,
President and CEO of the National Endowment for Financial Education (NEFE). “I commend Congresswomen Joyce
Beatty and Young Kim for their bipartisan commitment to advancing financial
literacy. Their leadership is instrumental in empowering all communities,
promoting economic equality and advancing a more inclusive financial system.
Efforts to improve financial well-being fuel the momentum toward a reality
where everyone has the resources needed to thrive. NEFE believes that
consequential collaboration will create a future where impactful financial
education is accessible to all.” “Financial
literacy is a vital foundation for building financial health,” said Jennifer Tescher, Founder
and CEO of the Financial Health Network. “Yet today, only about one in three Americans is
considered financially healthy—a reminder that knowledge must be paired with
well-designed products, timely guidance, and supportive policies. At the
Financial Health Network, we have seen the benefits of multiple stakeholders
working across sectors to ensure that people can navigate their financial lives
with confidence. Financial Literacy Month is a valuable moment to recommit to
that shared goal.” The resolution is cosponsored
by Reps.
Don Bacon (NE-02), André Carson (IN-07), Ed Case (HI-01), Emanuel Cleaver
(MI-05), Brian Fitzpatrick (PA-01), Mike Flood (NE-01), Sylvia Garcia (TX-29),
Henry “Hank” Johnson (GA-04), Dan Meuser (PA-09), Tim Moore (NC-14), Maria
Elvira Salazar (FL-27), David Scott (GA-13), Terri Sewell (AL-07), Melanie
Stansbury (NM-01), Shri Thanedar (MI-13), David Valadao (CA-22), and Nikema
Williams (GA-05). Read the full resolution text HERE . ### Issues : Education Financial Services and Consumer Protection Jobs and the Economy Local Issues Working Families and Children