Financial Advice

Critical financial education bill introduced in Senate

A critical financial education bill has been introduced in the U.S. Senate that will improve financial literacy education in K-12 education and enhance student knowledge of consumer, economic and personal finance concepts. The Financial and Economic Literacy Improvement Act of 2009, introduced by Senator Murray and Senator Cochran, has the potential to bring the education our children so desperately need into public schools. FELIA will authorize up to $125 million in spending to create a program for three different grade levels, K-12, that will mandate standardized financial education as a core-competency class. In addition, another $125 will be authorized for use in post-secondary education. This is a huge opportunity for our country to begin turning the tide of financial illiteracy and to provide millions of students with the chance at a brighter future. I urge you to contact your local Senator to express your hope to see this bill make it through.

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