Bill Text: IL HR0780 | 2013-2014 | 98th General Assembly | Introduced

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Bill Title: Designates April of 2014 as Financial Literacy Month in the State of Illinois.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2014-03-06 - Resolution Adopted [HR0780 Detail]

Download: Illinois-2013-HR0780-Introduced.html

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HR0780 LRB098 17716 GRL 52831 r
HOUSE RESOLUTION
WHEREAS, The members of the Illinois House of
Representatives believe that financial literacy is essential
to the economic vitality of the citizens of the State of
Illinois and all individuals; and
WHEREAS, The per capita income for an Illinois citizen in
the past 12 months was $29,519 and the median household income
is $56,853; and
WHEREAS, The percentage of persons below the poverty level
in the State of Illinois is 13.7%; and
WHEREAS, Many citizens have difficulty managing money due
to a lack of financial literacy; and
WHEREAS, In 2008, the President's Advisory Council defined
financial literacy as "the ability to use knowledge and skills
to manage financial resources effectively for a lifetime of
financial wellbeing"; and
WHEREAS, Financial literacy helps to provide the tools to
make informed choices, avoid pitfalls, and improve present and
long-term financial security; and

HR0780 - 2 - LRB098 17716 GRL 52831 r
WHEREAS, Gaining financial literacy skills improves the
quality of life, provides skills for success, contributes to
communities, and benefits the economy; and
WHEREAS, It is everyone's responsibility to learn the facts
of investing, take charge of their money, realize the
importance of saving towards their family's future, and
understand that it is never too late to invest; and
WHEREAS, A lack of financial knowledge can lead to
devastating money problems, including unmanageable debt or
even home foreclosure; therefore, be it
RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
NINETY-EIGHTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that
we designate April of 2014 as Financial Literacy Month in the
State of Illinois.