Pennsylvania HR 408: A Resolution recognizing the month of April 2026 as "Financial Literacy Month" in Pennsylvania.

Bill Text

PRIOR PRINTER'S NO. 2817 PRINTER'S NO. 3204
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE RESOLUTION
No. 408
Session of
2026
INTRODUCED BY HILL-EVANS, HARKINS, GUZMAN, HOHENSTEIN, HOWARD,
NEILSON, MAYES, HANBIDGE, CONKLIN, KAZEEM, SANCHEZ, BURGOS,
FREEMAN, MADDEN, PASHINSKI, RIVERA, MENTZER, CEPEDA-FREYTIZ,
GALLAGHER, BOYD, CURRY, FLEMING, PARKER, SAMUELSON AND
SHAFFER, JANUARY 28, 2026
AS AMENDED, HOUSE OF REPRESENTATIVES, APRIL 15, 2026
A RESOLUTION
Recognizing the month of April 2026 as "Financial Literacy
Month" in Pennsylvania.
WHEREAS, In April 2004, "Financial Literacy Month" was first
recognized in the United States; and
WHEREAS, "Financial Literacy Month" originated from Youth
Literacy Day, which came into existence through the National
Endowment for Financial Education; and
WHEREAS, The purpose of "Financial Literacy Month" is to
emphasize the importance of financial literacy and to encourage
individuals to learn techniques that promote financial well-
being; and
WHEREAS, In 2003, Congress showed great support for this
initiative after both the United States Senate and House of
Representatives passed resolutions requesting President George
W. Bush to declare April as "Financial Literacy Month"; and
WHEREAS, Subsequently, the United States House of
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Representatives passed a bill endorsing the goals of "Financial
Literacy Month" and delegated the implementation to the Federal
Government, schools, localities and nonprofit organizations; and
WHEREAS, On March 31, 2021, the significance of "National
Financial Literacy Month" was reaffirmed when President Biden
issued a proclamation recognizing barriers to financial well-
being and recognizing April as "National Financial Capability
Month"; and
WHEREAS, A strong financial foundation for an individual
begins with education on budgeting and increasing financial
knowledge; and
WHEREAS, Despite progress, further efforts are needed to
enhance financial literacy education; therefore be it
RESOLVED, That the House of Representatives recognize the
month of April 2026 as "Financial Literacy Month" in
Pennsylvania; and be it further
RESOLVED, That the House of Representatives encourage
continued awareness of financial literacy and the advancement of
financial literacy into the future.
WHEREAS, FIFTY-ONE PERCENT OF PENNSYLVANIANS ARE LIVING
PAYCHECK-TO-PAYCHECK AND 58% DO NOT HAVE A "RAINY DAY FUND" TO
COVER THREE MONTHS OF EMERGENCY EXPENSES; AND
WHEREAS, THE AVERAGE AMOUNT OF DEBT PER PENNSYLVANIA RESIDENT
IS $85,047, WHICH REPRESENTS CREDIT CARD DEBT, AUTO LOANS,
STUDENT LOANS, MORTGAGES AND OTHER DEBT; AND
WHEREAS, IN A WORLD WHERE 71% OF NATIONWIDE RETAIL DOLLARS
COME FROM CREDIT CARD TRANSACTIONS AND 33% OF PEOPLE WORLDWIDE
REPORT SHOPPING ONLINE, FINANCIAL LITERACY IS MORE IMPORTANT
THAN EVER; AND
WHEREAS, A STRONG FINANCIAL FOUNDATION FOR AN INDIVIDUAL
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BEGINS WITH EDUCATION ON BUDGETING AND INCREASING FINANCIAL
KNOWLEDGE; AND
WHEREAS, THE PURPOSE OF "FINANCIAL LITERACY MONTH" IS TO
EMPHASIZE THE IMPORTANCE OF FINANCIAL LITERACY AND TO ENCOURAGE
INDIVIDUALS TO LEARN TECHNIQUES THAT PROMOTE FINANCIAL WELL-
BEING; AND
WHEREAS, THE FIRST NATIONWIDE RECOGNITION OF APRIL AS
"FINANCIAL LITERACY MONTH" OCCURRED IN 2004; AND
WHEREAS, PENNSYLVANIA RECENTLY SHOWED ITS COMMITMENT TO
FINANCIAL LITERACY THROUGH THE PASSAGE OF ACT 35 OF 2023, WHICH
REQUIRED SCHOOLS TO OFFER MANDATORY FINANCIAL LITERACY COURSES
BEGINNING WITH THE 2026-2027 SCHOOL YEAR; AND
WHEREAS, DESPITE THIS IMPORTANT PROGRESS, FURTHER EFFORTS ARE
NEEDED TO ENHANCE FINANCIAL LITERACY EDUCATION; THEREFORE BE IT
RESOLVED, THAT THE HOUSE OF REPRESENTATIVES RECOGNIZE THE
MONTH OF APRIL 2026 AS "FINANCIAL LITERACY MONTH" IN
PENNSYLVANIA; AND BE IT FURTHER
RESOLVED, THAT THE HOUSE OF REPRESENTATIVES ENCOURAGE
CONTINUED AWARENESS OF FINANCIAL LITERACY AND THE ADVANCEMENT OF
FINANCIAL LITERACY INTO THE FUTURE.
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