South OC Times

Congresswoman Young Kim, representing California's 40th District, has joined forces with Congresswoman Joyce Beatty from Ohio's 3rd District to introduce a resolution that aims to promote financial literacy across the United States. Their bipartisan initiative, known as H.Res.292, recognizes April as Financial Literacy Month, aiming to raise public awareness about financial capability and the importance of sound money management.

Highlighting the significance of financial education, Congresswoman Kim stated, “Financial literacy empowers individuals and families to make informed decisions, from budgeting and saving to investing and planning for retirement. The earlier Americans learn how to manage their finances, the better prepared they will be to secure their financial future and avoid pitfalls like fraud or debt.” She expressed pride in collaborating with Rep. Beatty to ensure that Californians are equipped to build wealth.

Congresswoman Beatty emphasized the critical importance of financial literacy, stating, “Encouraging financial literacy among students, seniors, and hardworking American consumers is essential. Financial literacy is a vital skill that can mean the difference between economic hardship and lasting financial freedom.”

Leslie Finnan, Senior Advocacy Director of the Council for Economic Education, also voiced support for the resolution, saying, “Financial Literacy Month highlights the importance of equipping students with essential financial knowledge.” Similarly, Billy Hensley, Ph.D., President and CEO of the National Endowment for Financial Education, commended the effort, stating that it promotes economic equality and a more inclusive financial system.

Jennifer Tescher, Founder and CEO of the Financial Health Network, highlighted the broader implications of financial literacy, warning that only a third of Americans are financially healthy. She stressed the need for combining knowledge with practical tools and policies to support financial health.

The resolution is supported by several representatives from various states, demonstrating a wide-ranging bipartisan agreement on the importance of financial literacy.