When is National Financial Literacy Month? April
" Financial Literacy Month is recognized in the United States in April in an effort to highlight the importance of financial literacy and teach Americans how to establish and maintain healthy financial habits."
In 2000, The Jumpstart Coalition for Personal Financial Literacy began promoting April as Financial Literacy for Youth Month and in 2003 the United States Congress showed its support. Senate Resolution 48 and House Resolution 127 asked President George W. Bush to declare April as Financial Literacy for Youth Month. At that time, governors of eight states had already named the month of April as such. April was named National Financial Literacy Month by the passing of Senate Resolution 316 with unanimous consent, championed by Daniel Akaka D-HI."
Many of the country’s financial institutions and nonprofit financial educational organizations and promote the month by holding promotional events and creating educational materials that center around effectively handling money and dealing with debt."
Educational initiatives
"Money Management International, a nonprofit credit and debt counseling firm, created a microsite to support the mission of National Financial Literacy Month, with a step by step process for improving financial wellness.
The National Foundation for Credit Counseling hosts numerous events surrounding Financial Literacy Month including its annual Be Money Wise poster contest. The NFCC poster contest invites elementary, middle and high school students to submit a poster design surrounding a theme that deals with managing money effectively.
In 2007, more than 1,500 posters were submitted surrounding the theme “Plant the Seed of Savings to grow your Future.” The 2008 theme was “Financial Responsibility Begins with Me.”
The Jumpstart Coalition for Personal Financial Literacy first convened in 1995 after recognizing that the average high school graduate lacked basic financial management skills and now has coalitions in every state and the District of Columbia."
Government support
"In 2003, the United States Senate designated April as Financial Literacy for Youth Month in order to create higher economic literacy and education among children. In March 2004 the Senate passed Resolution 316 that officially recognized April as National Financial Literacy Month to broaden the spotlight to include problems resulting from pervasive financial illiteracy among adults of all ages. The Senate called on President Bush to issue a proclamation encouraging government, nonprofit organizations and businesses to support the month by offering activities that promote financial education."
"In April 2005, the United States House of Representatives passed a bill supporting the goals and ideals of Financial Literacy Month. This bill, and the resolution passed by the Senate, called on President Bush to issue a proclamation calling on Federal Government, States, localities, schools, nonprofit organizations business and the people of the United States to observe the month with appropriate programs and activities. During his term in office, President Bush did not issue a proclamation."
During Financial Literacy Month in 2006, The Financial Literacy and Education Commission unveiled a new national strategy in their report "Taking Ownership of the Future: The National Strategy for Financial Literacy." The report outlines a series of outreach and education goals for the public and private sectors aimed to help Americans improve their understanding of financial issues such as credit management, savings, and homeownership."
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