2016 -- H 8030

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LC005633

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2016

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H O U S E   R E S O L U T I O N

DESIGNATING APRIL, 2016, AS "FINANCIAL LITERACY MONTH" IN THE STATE OF

RHODE ISLAND

     

     Introduced By: Representatives Messier, Ajello, Edwards, and Diaz

     Date Introduced: April 05, 2016

     Referred To: House read and passed

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     WHEREAS, According to the 2013 Federal Deposit Insurance Corporation (FDIC)

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National Survey of Unbanked and Underbanked Households, at least 20 percent of Rhode Island

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households are either unbanked or underbanked which dramatically limits access to vital and

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basic financial services; and

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     WHEREAS, The financial well-being of individual Rhode Island citizens is directly

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linked to our state's and our nation's economic health; and

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     WHEREAS, There is a need to understand the importance of wise fiscal management,

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and Rhode Islanders of all races, ages, genders, and socio-economic groups seek to improve their

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personal family finances by developing the basic financial skills needed to create and maintain a

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budget, to understand credit, loans, banking, investments, and retirement plans, and to take

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advantage of the financial opportunities and assess the risks connected with each; and

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     WHEREAS, Personal financial literacy education involves active engagement on the part

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of individual citizens and family units in an ongoing and evolving process; and

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     WHEREAS, Governments, private businesses, community-based organizations, and

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institutions of education are stakeholders in the pursuit of increased personal financial literacy,

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and by working together, such entities can help consumers make informed decisions about their

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finances; and

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     WHEREAS, The personal financial education of all citizens, especially youth and other

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vulnerable populations, will improve the quality of their lives, will provide them with the

 

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necessary skills for success, and will contribute to making positive changes for the communities

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in which they live and work; now, therefore be it

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     RESOLVED, That this House of Representatives of the State of Rhode Island and

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Providence Plantations hereby proclaims April, 2016, to be "Financial Literacy Month." We

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moreover urge all Rhode Islanders to take advantage of various programs and activities that will

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increase their personal financial literacy both during the month of April and throughout the year;

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and be it further

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     RESOLVED, That the Secretary of State be and hereby is authorized and directed to

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transmit a duly certified copy of this resolution to The Honorable Gina M. Raimondo, Governor

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of the State of Rhode Island.

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LC005633

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