Financial Literacy Awareness Month 2015


WHEREAS, it is essential to the Commonwealth that its citizenry be financially literate, responsible, and able to properly manage money, credit, and debt; and

WHEREAS, it is incumbent upon the Commonwealth to support initiatives that promote and advance financial literacy education; and

WHEREAS, United States consumer debt totaled more than $11 trillion in December 2014, of which credit card debt alone exceeded $700 billion; and

WHEREAS, Americans owed over $1 trillion in student loans in December 2014; and

WHEREAS, Americans now save, on average, 4.9 percent of their income; and

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

WHEREAS, it is important to encourage all Virginians to recognize the many educational resources available to the public, and it is fitting to encourage responsible financial planning and personal budgeting;

NOW, THEREFORE, I, Terence R. McAuliffe, do hereby recognize April 2015 as FINANCIAL LITERACY MONTH in our COMMONWEALTH OF VIRGINIA, and I call this observance to the attention of all our citizens.