Danny Davis: “Mr. Speaker, financial literacy may be more important today than during any other time in our Nation's history. That is…”

“Mr. Speaker, financial literacy may be more important today than during any other time in our Nation's history. That is why I am pleased to support H. Res. 148, introduced by the gentlewoman from the Great State of Illinois (Mrs. Biggert), which supports the goals of Financial Literacy Month for Youth. As the resolution notes, a study by the Jump$tart Coalition for Personal Financial Literacy found that 92 percent of college students have at least one credit card by their sophomore year. This fact becomes alarming when you consider that the same study found that only 26 percent of people between the ages of 13 and 21 claimed that they had been taught how to manage their money by their parents. This resolution serves as an important wake-up call for all of us: the administration, Congress, and the American taxpayer. As the economy begins to rebound from an arduous period, now is an opportune time to teach all Americans, young and old, about fiscal responsibility.”