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Kane County Reporter

Friday, November 22, 2024

Reps. Foster, Hill Introduce Bipartisan Resolution to Promote Financial Literacy for Students

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Congressman Bill Foster | Congressman Bill Foster Official Website

Congressman Bill Foster | Congressman Bill Foster Official Website

WASHINGTON, DC – On May12, Congressman Bill Foster (D-IL) and Congressman French Hill (R-AR) introduced a resolution to encourage collaboration between the public and private sector to promote financial literacy for students. The resolution also emphasizes the importance of financial literacy for consumers of all ages and supports the efforts of federal agencies to expand financial education resources.

"In our increasingly complex financial marketplace, young people often find themselves lacking the knowledge to make difficult financial decisions that can have profound effects on their futures," said Rep. Foster. "Studies have shown that promoting financial literacy at an early age helps equip young people to make sound financial decisions that will set themselves up for success."

“As a father and former community banker, we should make every effort to encourage our youth to develop responsible financial habits,” said Rep. Hill. “Acquiring these critical skills at a young age will empower our youth to make smart financial decisions as adults and will put them on a path towards lifelong financial stability.”

Original source can be found here

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