HR387 - Recognizing April 2025 as Financial Literacy Month.

      H.R. No. 387       R E S O L U T I O N          WHEREAS, The observance of Financial Literacy Month in April   2025 provides a fitting opportunity to call attention to the   essential role that personal financial literacy plays in everyday   life for all individuals; and          WHEREAS, The development of effective money management   skills is rarely addressed in the classroom, and only 26 states   mandate that students take a personal finance course as a high   school graduation requirement; research has shown that students   from states with a required financial education course more often   display behaviors conducive to healthy money management; compared   to other young adults, they are more likely to save, pay off their   credit cards in full each month, and take modest financial risks,   and they are less likely to reach the maximum limit on their credit   cards, make late payments, or engage in compulsive buying; and          WHEREAS, Personal financial literacy continues to be an   important factor throughout adulthood; studies show that 37 percent   of American adults do not have adequate cash reserves to cover an   unexpected expense of $400; in addition, the 2020 Consumer   Financial Literacy Survey reported that a majority of adults in the   U.S. lived in credit card debt and that only 47 percent maintained a   budget; and          WHEREAS, Public, community, and private sector organizations   around the country are working to increase financial literacy rates   for Americans of all ages through media campaigns, websites, and   one-on-one counseling; as part of this outreach effort, a number of   agencies and groups have designated the month of April as Financial   Literacy Month to highlight the importance of personal finance   education and to encourage Americans to establish and maintain good   saving and spending habits; and          WHEREAS, Personal financial knowledge and awareness have   broad implications for the economic welfare of our state and   nation, and the observance of Financial Literacy Month is a timely   reminder of the rights and responsibilities of all Texans to build   on their understanding of money management; now, therefore, be it          RESOLVED, That the House of Representatives of the 89th Texas   Legislature hereby recognize April 2025 as Financial Literacy   Month.     Garcia of Dallas     ______________________________   Speaker of the House                 I certify that H.R. No. 387 was adopted by the House on March   13, 2025, by a non-record vote.     ______________________________   Chief Clerk of the House