Financial Literacy Month

4/1/2014

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 by December 2013, of which credit card debt alone exceeded $856 billion; and 

WHEREAS, Americans owed over $1 trillion in student loans in 2013, and 

WHEREAS, Americans now save, on average, 3.9 percent of their income, based on 2013 information; 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 2014 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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