Central Louisiana News

WASHINGTON – U.S. Senators Bill Cassidy, M.D. (R-LA), Tim Scott (R-SC), and Jack Reed (D-RI) have introduced a resolution to declare April as Financial Literacy Month.

"Understanding personal finance and healthy spending habits creates long-term financial security," said Dr. Cassidy. "Financial Literacy Month is a chance to empower families with the knowledge and tools they need to take control of their financial futures."

Senator Scott emphasized the importance of financial literacy, stating, "Financial literacy is the cornerstone to achieving financial independence and opening the pathway to the American Dream. Throughout my time in Congress, and as the top Republican on the Senate Banking Committee, I've made it my mission to champion programs and resources that make financial education more accessible. This resolution furthers that work by helping to bring awareness to this important topic."

Senator Reed highlighted the significance of financial literacy across various aspects of life, saying, "From managing a household budget to making major purchases, paying for college, starting a business, and laying the foundation for a secure retirement, financial literacy is a lifelong endeavor. Unfortunately, too many Americans lack basic financial literacy to make informed decisions, and this has impacts on their children, local communities, and generations to come. Raising awareness about the resources available to improve financial literacy is the first step on the path to a financially secure future. I'm pleased our Senate colleagues are coming together on a bipartisan basis to recognize and celebrate the twentieth annual Financial Literacy Month."

The resolution, cosponsored by a group of bipartisan senators, aims to bring attention to the importance of financial literacy and provide resources to enhance financial education.