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IL HR0780
Resolution
Status
Passed
3/6/2014
Primary Sponsor
Rich Brauer
Click for details
AI Summary
- Designates April 2014 as Financial Literacy Month in the State of Illinois
- Acknowledges that financial literacy is essential to economic vitality, with Illinois per capita income at $29,519 and median household income at $56,853
- Notes that 13.7% of Illinois residents live below the poverty level and many lack financial knowledge leading to debt and foreclosure
- Defines financial literacy as "the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial wellbeing" per the 2008 President's Advisory Council
- Recognizes that financial literacy skills improve quality of life, provide success in communities, and benefit the broader economy
Legislative Description
FINANCIAL LITERACY MONTH
Last Action
Resolution Adopted
3/6/2014
Committee Referrals
Financial Institutions2/20/2014
Rules2/4/2014
Full Bill Text
No bill text available