Political Quotes

“Mr. Chair, I rise today in support of my amendment, co- authored with Congresswoman Omar, in support of financial literacy education. The amendment increases and decreases the Treasury Salaries and Expenses account by $500,000. This is to encourage Treasury to work with the Consumer Financial Protection Bureau to study the best models for financial literacy programming and assist schools, nonprofits, and localities in developing their own financial literacy programs for young people and families. If the pandemic has shown us anything it is that our financial well- being is important in times of crisis. Therefore, I believe it is important to promote and establish financial literacy skills for students across our nation to establish habits that will last a lifetime. Studies have shown that 88 percent of Americans believe finance education should be taught in schools and 92 percent of K-12 teachers believe that financial education should be taught in school, but only 12 percent of teachers actually teach the subject. Yet as of this year only 22.7 percent of U.S. high school students are guaranteed to receive a personal finance education. According to the Government Accountability Office, giving Americans the information they need to make effective financial decisions can be key to their well-being and to the country's economic health.…”