Bill 118 HRES 1154, also known as the "Supporting the goals and ideals of Financial Literacy Month" bill, was introduced in the US Congress to recognize and promote the importance of financial literacy among Americans. The bill aims to raise awareness about the importance of understanding personal finances and making informed decisions about money management.
The bill highlights the need for individuals to have the knowledge and skills to effectively manage their finances, including budgeting, saving, investing, and understanding credit. It emphasizes the importance of financial education in schools, workplaces, and communities to help individuals make sound financial decisions and avoid financial pitfalls.
The bill also recognizes the role of financial literacy in promoting economic stability and prosperity for individuals and the nation as a whole. It calls for increased efforts to provide resources and support for financial education programs and initiatives, including partnerships between government, businesses, and non-profit organizations.
Overall, Bill 118 HRES 1154 seeks to raise awareness about the importance of financial literacy and encourage individuals to take proactive steps to improve their financial knowledge and skills. By supporting Financial Literacy Month, the bill aims to empower individuals to make informed financial decisions and achieve financial security.