Political Quotes

“Mr. Speaker, providing America's youth with a good education has been a national priority but also a national failure. Not only are many children of our great Nation being deprived of a good academic education, but many young people today lack the life skills necessary to function without the financial assistance of their parents. According to the JumpStart Coalition for Financial Literacy, high school seniors today know less about the principles of basic personal finance than seniors did 5 years ago. Even more startling is the fact that the average student who graduates from high school lacks the basic skills for managing their own personal finances. Many are unable to do simple tasks like balancing a checkbook. Over the last 50 years, a dangerous trend has developed. Saving money has declined at the same time that borrowing has increased. Americans need to work to achieve financial independence, and proper financial planning is crucial to that process. While not a final solution, educating our youth about the principles of personal finance would do a great deal to help them achieve financial independence and prosperity.”