IL SR0243

Urges the State Board of Education to encourage school districts to re-evaluate the role of financial literacy within their educational plans across all grades

Urges the State Board of Education to establish an Internet website for teachers serving as a clearinghouse for accessing free resources about financial literacy programs, publications, grants, and materials

Urges each school district in the state to consider how financial literacy could be integrated in a cross-curriculum format to better prepare students for adulthood

Documents that 41% of American adults self-rated their personal finance knowledge as C, D, or F, and personal bankruptcy filings reached 1.5 million in 2010

Documents that only 13% of workers were "very confident" about having enough money for retirement in 2011, down from 27% in 2007, and one in three adults report having no savings