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Dreier Votes to Support Goals of National Financial Literacy Month
WASHINGTON, DC – Congressman David Dreier (R-San Dimas, CA) voted this week to approve a resolution supporting the goals and ideals of National Financial Literacy Month, which occurs every April. H. Res. 1257 was approved with overwhelming bipartisan support, 397-4. Dreier said that during difficult economic times, financial literacy takes on an even greater importance.
“As we all know, the roots of the financial meltdown can be traced to a number of factors, including unscrupulous lenders who took advantage of consumers, irresponsible homeowners who borrowed more than they could afford, and reckless speculators who gambled on bad financial bets,” Dreier said. “While we have taken steps to curb abuses and hold creditors accountable, we must enhance financial literacy as well. A strong foundation in financial literacy will help Americans meet today’s needs, prepare for the unexpected, and plan for future goals.”
Dreier pointed to several resources available to help families looking to trim expenses and reduce debt, particularly the Financial Literacy Education Commission’s website, www.mymoney.gov. The website has helpful tools, resources, and savings tips from a number of federal agencies to help consumers make informed personal financial choices, whether shopping for loans, reducing household costs, planning for savings and retirement, or understanding credit card terms.
Dreier said that financial literacy is about financial opportunity. “In this challenging economy, we need to do all we can to empower individuals and families to take control of their finances and effectively plan for the future. Working together, we can encourage Americans to enhance their understanding of personal finance, which will ultimately help to strengthen our financial system and economy.”