The month of April could soon be officially designated as Financial Literacy Month in Illinois.
Republican state Rep. Chris Miller (Oakland) recently testified that House Resolution 287 has unanimously passed out of the Government Administration Committee with bipartisan backing. The measure is now slated to go before the full House for a vote.
“We need to start with our children to educate them on what it means to be financially literata and the value of a dollar,” Miller said in a press release posted to his website. “Moms and dads make decisions around the kitchen table every day on how to spend limited dollars. They have to prioritize what they can afford and which bills are paid first like rent, utilities, food, medicines, clothing, auto insurance, tuitions for school, and the list goes on. We need to use this same common sense when spending taxpayers’ money on state programs as well.
Illinois State Rep. Chris Miller (R-Oakland)
According to Miller, language in the bill stipulates that members of the House believe that financial literacy is essential to the “economic vitality of the citizens of the State of Illinois and all individuals.” It estimates that just under 13 percent of individuals across the state live below the poverty level and, in many cases, a difficulty in managing money lies at the root of the cause.
“It is everyone’s responsibility to learn the facts of investing, take charge of their money, realize the importance of saving towards their family’s future, and understand that it is never too late to invest,” Miller added. “I’m happy to announce the we are working to privately fund one of the available programs called Financial Peace University curriculum to provide it to our high schools in east central Illinois.”
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