Judy Biggert said "Thank you. Yes, there are several States that have started this process, too. The more that we can entice people to start that saving, to know what is available, the more that it is publicized, whether it is a State account or a Federal account, it is very important that this starts. I know that in all the work that we do in the financial literacy and financial education that still we have kids that don't understand the difference between checks, cash or credit cards. Nor do people understand compound interest. Adults don't understand that." @ PoliticalQuotes.com

On the recordMarch 7, 2007

Thank you. Yes, there are several States that have started this process, too. The more that we can entice people to start that saving, to know what is available, the more that it is publicized, whether it is a State account or a Federal account, it is very important that this starts. I know that in all the work that we do in the financial literacy and financial education that still we have kids that don't understand the difference between checks, cash or credit cards. Nor do people understand compound interest. Adults don't understand that.

Said by

Judy Biggert

Illinois

Source

govinfo.gov

Editor's note · Context

Discussing the importance of financial literacy and education.

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