Financial Literacy Month 2016

4/1/2016

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 increase financial literacy; and

WHEREAS, United States consumer debt totaled more than $11.9 trillion by September 2015, with credit card debt alone exceeding $712 billion; and

WHEREAS, Americans owed more than $1.2 trillion in student loans in September 2015, and the average household carried $47,712 of student loan debt; 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 through local CPA chapters, online resources, and events during financial literacy month; and

WHEREAS, it is worthwhile to encourage responsible financial planning and personal budgeting;

NOW, THEREFORE, I, Terence R. McAuliffe, do hereby recognize April 2016 as

FINANCIAL LITERACY MONTH in our COMMONWEALTH OF VIRGINIA, and I call this observance to the attention of all our citizens.

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