H.R. No. 387
R E S O L U T I O N
WHEREAS, The observance of Financial Literacy Month in April
2025 provides a fitting opportunity to call attention to the
essential role that personal financial literacy plays in everyday
life for all individuals; and
WHEREAS, The development of effective money management
skills is rarely addressed in the classroom, and only 26 states
mandate that students take a personal finance course as a high
school graduation requirement; research has shown that students
from states with a required financial education course more often
display behaviors conducive to healthy money management; compared
to other young adults, they are more likely to save, pay off their
credit cards in full each month, and take modest financial risks,
and they are less likely to reach the maximum limit on their credit
cards, make late payments, or engage in compulsive buying; and
WHEREAS, Personal financial literacy continues to be an
important factor throughout adulthood; studies show that 37 percent
of American adults do not have adequate cash reserves to cover an
unexpected expense of $400; in addition, the 2020 Consumer
Financial Literacy Survey reported that a majority of adults in the
U.S. lived in credit card debt and that only 47 percent maintained a
budget; and
WHEREAS, Public, community, and private sector organizations
around the country are working to increase financial literacy rates
for Americans of all ages through media campaigns, websites, and
one-on-one counseling; as part of this outreach effort, a number of
agencies and groups have designated the month of April as Financial
Literacy Month to highlight the importance of personal finance
education and to encourage Americans to establish and maintain good
saving and spending habits; and
WHEREAS, Personal financial knowledge and awareness have
broad implications for the economic welfare of our state and
nation, and the observance of Financial Literacy Month is a timely
reminder of the rights and responsibilities of all Texans to build
on their understanding of money management; now, therefore, be it
RESOLVED, That the House of Representatives of the 89th Texas
Legislature hereby recognize April 2025 as Financial Literacy
Month.
Garcia of Dallas
______________________________
Speaker of the House
I certify that H.R. No. 387 was adopted by the House on March
13, 2025, by a non-record vote.
______________________________
Chief Clerk of the House