IL SR1069

Declares April 2020 as Financial Literacy Month in Illinois to raise awareness of financial literacy programs and education initiatives.

Nearly two-thirds of American adults cannot pass a basic financial literacy test, and 48% of millennials report living paycheck to paycheck.

The State Treasurer's Office partnered with the Illinois Council on Economic Education (Econ Illinois) to develop Money Minded Illinois, a free, standards-based financial literacy curriculum for grades 1-8.

Illinois adopted revised Social Studies Standards in 2015 that included economics and financial literacy standards for the first time, approved by the Joint Committee on Administrative Rules in 2016.

Econ Illinois is a nonprofit that has specialized in financial education for over 65 years and currently impacts 130,000 students through its programming.