April is Financial Literacy Month
Establishing and maintaining healthy financial habits is an important part of daily life. Various studies and surveys had found that kids, teenagers, and young adults were not being taught how to manage personal finances, credit cards, retirement funds, debt, etc. by parents or the educational systems.[1] Given that, the US Senate felt it was important to establish a month dedicated to promoting financial literacy and generally raise awareness to the importance of financial education.[1] Initially, the US Senate designated April as Financial Literacy for Youth Month in 2003 and established the Financial Literacy and Education Commission, supported by the Office of Financial Education of the Department of the Treasury.[1] However in March of 2004, Senator Daniel Akaka of Hawaii proposed a resolution to designate April more generally as Financial Literacy Month.[1] The resolution passed unanimously and without amendment during the 108th Congress.[1]
