Full Text of HR0768 101st General Assembly
HR0768 101ST GENERAL ASSEMBLY |
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| 1 | | HOUSE RESOLUTION
| 2 | | WHEREAS, Financial literacy is an important life skill that | 3 | | can greatly benefit all Illinois residents; and
| 4 | | WHEREAS, The need for learning good personal financial | 5 | | habits has never been greater, as nearly two-thirds of American | 6 | | adults cannot pass a basic financial literacy test; one in four | 7 | | adults do not pay their bills on time, and 48% of millennials | 8 | | report living paycheck to paycheck; and
| 9 | | WHEREAS, Problems, such as existing debt and bad credit | 10 | | history, and the majority (80%) of roadblocks for potential | 11 | | homeowners can be solved with better financial literacy | 12 | | education; and
| 13 | | WHEREAS, It is imperative that we teach children good | 14 | | personal financial habits so they are more likely to show | 15 | | positive financial behaviors and skills later in life, such as | 16 | | paying off credit cards each month, saving for retirement, and | 17 | | refraining from making compulsive purchases; and
| 18 | | WHEREAS, Children should be taught financial literacy | 19 | | skills at a young age, and all schools in Illinois should have | 20 | | access to high quality, standards-based curriculum to teach | 21 | | these important life skills; and
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| 1 | | WHEREAS, Revised Social Studies Standards, which included | 2 | | economics and financial literacy standards for the first time, | 3 | | were adopted in 2015 by the Illinois State Board of Education | 4 | | and approved by the Joint Committee on Administrative Rules in | 5 | | 2016; and
| 6 | | WHEREAS, It is the goal of the State Treasurer's Office to | 7 | | provide programs, services, and curriculum to teachers and | 8 | | school districts that satisfy these new standards and provide | 9 | | financial education to children throughout the State; and
| 10 | | WHEREAS, The State Treasurer's Office has partnered with | 11 | | the Illinois Council on Economic Education, which is commonly | 12 | | referred to as Econ Illinois, to develop an interdisciplinary, | 13 | | standards-based curriculum for teaching financial literacy in | 14 | | first through eighth grades, called Money Minded Illinois; and
| 15 | | WHEREAS, Econ Illinois is a nonprofit that has specialized | 16 | | in financial education for over 65 years and impacts 130,000 | 17 | | students through their programming; and
| 18 | | WHEREAS, This new curriculum is free to any Illinois | 19 | | teacher or school district and has distinct units for each | 20 | | grade level that use informative and engaging activities to | 21 | | teach students about a variety of financial topics; and
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| 1 | | WHEREAS, The State Treasurer's Office, alongside Econ | 2 | | Illinois, hopes to help Illinoisans avoid pitfalls and problems | 3 | | that come with a lack of financial literacy and to help promote | 4 | | good personal financial habits through our standards-based | 5 | | curriculum; and
| 6 | | WHEREAS, Teaching financial literacy skills will allow | 7 | | Illinois residents to save for the future, pay down already | 8 | | accrued debt, prevent future debt, and enjoy a better quality | 9 | | of life, while creating informed communities and an improved | 10 | | economy in Illinois; therefore, be it
| 11 | | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | 12 | | HUNDRED FIRST GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that | 13 | | we declare April 2020 as Financial Literacy Month in the State | 14 | | of Illinois in order to raise awareness of free financial | 15 | | literacy programs, such as Money Minded Illinois, which will | 16 | | help to ensure that every child throughout the State has access | 17 | | to high quality financial education; and be it further
| 18 | | RESOLVED, That a suitable copy of this resolution be | 19 | | presented to the State Treasurer's Office, the Illinois State | 20 | | Board of Education, and the Illinois Council on Economic | 21 | | Education.
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