Washington, DC – Today, Financial Literacy and Wealth Creation Caucus Co-Chairs Reps. Young Kim (CA-40) and Joyce Beatty (OH-03) introduced a bipartisan resolution honoring April as Financial Literacy Month.
“Financial literacy tools can equip individuals and families to make a budget, grow savings, invest, prepare for retirement, and avoid financial concerns such as fraud or debt. The earlier Americans learn financial literacy tools, the sooner they can take control of their futures,” said Congresswoman Young Kim. “I’m proud to join Congresswoman Beatty to recognize April as Financial Literacy Month and work as co-chairs of the Financial Literacy and Wealth Creation Caucus. I will keep working to protect the American dream for future generations.”
“Financial literacy means being able to understand and manage your income, expenses, savings, and investments effectively so you can ultimately build wealth,” said Congresswoman Beatty. “Empowering consumers with the tools to make wise financial decisions will ultimately save American households hundreds, even thousands, of dollars annually in unnecessary fees, exorbitant credit card interest, overspending, overdraft charges, and losses from fraud. Financial education is not a silver bullet, but it’s a necessary step on the path to 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.”
The resolution is cosponsored by Reps. Andy Barr (KY-06), André Carson (IN-07), Sean Casten (IL-06), Emanuel Cleaver (MO-05), Byron Donalds (FL-19), Brian Fitzpatrick (PA-01), Sylvia Garcia (TX-29), Josh Gottheimer (NJ-05), French Hill (AR-02), Steven Horsford (NV-04), Stephen Lynch (MA-08), Jim McGovern (MA-02), Gregory Meeks (NY-05), Wiley Nickel (NC-13), David Scott (GA-13), David Valadao (CA-22), Bonnie Watson Coleman (NJ-12), and Nikema Williams (GA-05).
