Encouraging greater public-private sector collaboration to promote financial literacy for students and young adults.

Bill 118 H.Res. 392, also known as the Encouraging Greater Public-Private Sector Collaboration to Promote Financial Literacy for Students and Young Adults Act, aims to improve financial literacy among students and young adults by fostering collaboration between the public and private sectors. The bill recognizes the importance of financial education in helping individuals make informed decisions about their finances and achieve financial stability.

The bill calls for the creation of partnerships between schools, financial institutions, and other organizations to develop and implement financial literacy programs for students and young adults. These programs would cover topics such as budgeting, saving, investing, and managing debt. The goal is to equip young people with the knowledge and skills they need to make sound financial decisions throughout their lives.

Additionally, the bill encourages the use of technology and innovative teaching methods to make financial education more engaging and accessible to students. It also calls for the evaluation of existing financial literacy programs to identify best practices and areas for improvement. Overall, Bill 118 H.Res. 392 seeks to address the lack of financial literacy among students and young adults by promoting collaboration between the public and private sectors to develop effective and sustainable financial education programs. By equipping young people with the tools they need to navigate the complexities of personal finance, the bill aims to empower them to achieve financial security and success in the future.