Bill Text: IL HR0287 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Declares April 2019 as Financial Literacy Month.

Spectrum: Slight Partisan Bill (Republican 11-4)

Status: (Passed) 2019-05-30 - Added Co-Sponsor Rep. Nathan D. Reitz [HR0287 Detail]

Download: Illinois-2019-HR0287-Introduced.html

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HR0287 LRB101 12089 MST 59634 r
HOUSE RESOLUTION
WHEREAS, The members of the Illinois House of
Representatives believe that financial literacy is essential
to the economic vitality of the citizens of the State of
Illinois and all individuals; and
WHEREAS, The per capita income for an Illinois resident is
$34,196, and the median household income is $60,960; and
WHEREAS, The percentage of individuals below the poverty
level in the State of Illinois is roughly 12.6%; and
WHEREAS, Many citizens have difficulty managing money due
to a lack of financial literacy; and
WHEREAS, The President's Advisory Council defined
financial literacy as "the ability to use knowledge and skills
to manage financial resources effectively for a lifetime of
financial well-being"; and
WHEREAS, Financial literacy helps to provide the tools to
make informed choices, avoid pitfalls, and improve present and
long-term financial security; and
WHEREAS, Gaining financial literacy skills improves the

HR0287 - 2 - LRB101 12089 MST 59634 r
quality of life, provides skills for success, contributes to
communities, and benefits the economy; and
WHEREAS, It is everyone's responsibility to learn the facts
of investing, take charge of their money, realize the
importance of saving towards their family's future, and
understand that it is never too late to invest; and
WHEREAS, A lack of financial knowledge can lead to
devastating money problems, including unmanageable debt or
even home foreclosure; therefore, be it
RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE
HUNDRED FIRST GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that
we declare April 2019 as Financial Literacy Month in the State
of Illinois.