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1
HOUSE RESOLUTION

  
 
2    WHEREAS, The members of the Illinois House of 
3Representatives are committed to the youth of our State and 
4dedicated to teaching fundamental life lessons to the State's 
5future generations; and
  
 
6    WHEREAS, A lack of financial knowledge can lead to 
7devastating money problems, including unmanageable debt or 
8even home foreclosure; and
  
 
9    WHEREAS, The month of April is recognized nationally as 
10Financial Literacy Month; and
  
 
11    WHEREAS, In 2008, the President's Advisory Council defined 
12financial literacy as "the ability to use knowledge and skills 
13to manage financial resources effectively for a lifetime of 
14financial wellbeing"; and
  
 
15    WHEREAS, Teach Children to Save Day was established by the 
16American Bankers Association in 1997 and has reached more than 
175.6 million young people through the commitment of more than 
18121,000 banker volunteers; and
  
 
19    WHEREAS, The members of the Illinois House of 
20Representatives support teaching our children money management 
 
 
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1skills and encouraging them to save money for the future; we 
2also support education and money management as skills as a key 
3to a better life for our children; and
 
4    WHEREAS, Teaching children the value of savings and the 
5prudent use of credit will enable them to be financially 
6capable adults who can properly manage and invest money, which 
7will also benefit our State and national economy; therefore, be 
8it
  
 
9    RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE 
10NINETY-EIGHTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that 
11we designate the date of April 11, 2014 as Teach Children to 
12Save Day in the State of Illinois; and be it further
  
 
13    RESOLVED, That we encourage all banks and schools 
14throughout the State to take part in this program.