Financial Literacy Awareness Month

By virtue of the authority vested by the Constitution of Virginia in the Governor of the Commonwealth of Virginia, there is hereby officially recognized:

WHEREAS, it is essential that Virginians of all ages be financially literate, responsible, and able to properly manage money, credit, and debt; and

WHEREAS, United States consumer debt reached $17.5 trillion in 2023, the highest on record; and

WHEREAS, United States mortgage debt rose in 2023 by $112 billion to $12.25 trillion, and auto loans increased by $12 billion to $1.61 trillion, while delinquency rates worsened; and

WHEREAS, Americans increased credit card debt in 2023 by 212 billion, reaching a new high of 1.13 trillion, and delinquency rates rose; and

WHEREAS, public, community-based, and private sector organizations throughout the Commonwealth are working to educate the public on personal finance and increasing financial literacy for Virginians of all ages; and

WHEREAS, it is important to educate Virginians of the many educational resources available and to encourage responsible financial planning and personal budgeting;

NOW, THEREFORE, I, Glenn Youngkin, do hereby recognize April 2024, as FINANCIAL LITERACY MONTH in our COMMONWEALTH OF VIRGINIA, and I call this observance to the attention of all our citizens.

Governor of Virginia

Proclamations