Texas Senate Bill SR570

Texas 2009 - 81st Regular

• Introduced: 4/16/09
• Enrolled: 4/16/09
• Passed: 4/16/09

Caption

Recognizing April 20 through April 26, 2009, as Financial Literacy Awareness Week in Texas.

Impact

The recognition of Financial Literacy Awareness Week is aimed at enhancing public understanding of financial concepts and encouraging better financial decision-making among Texans. The resolution encourages a series of educational activities, including classes on budgeting, managing credit cards, reducing debt, and building credit histories. By supporting these initiatives, the Texas Senate seeks to promote healthier financial behaviors and improve the overall economic wellness in the community.

Summary

Senate Resolution No. 570 recognizes the week of April 20 through 26, 2009, as Financial Literacy Awareness Week in the Greater Austin area. This resolution is a collaborative effort by Financial Fitness Greater Austin, alongside the Alliance for Economic Inclusion and various organizations dedicated to educating the public about financial matters. The resolution acknowledges the importance of financial literacy in empowering individuals to manage their personal finances effectively, thereby helping them achieve their goals, including home ownership.

Contention

While the bill primarily serves as a recognition of the specific week for financial literacy, it also symbolizes a broader commitment to enhancing financial education among citizens. Critics might argue that designating a week alone is insufficient to tackle the deeper issues of financial illiteracy that many individuals face. Thus, the challenge lies in ensuring that the events and resources provided during this week have a lasting impact beyond just awareness, promoting ongoing education that can significantly benefit community members.