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house Bill H. Res. 327

Should the House Express its Support for Public-Private Financial Literacy Education Initiatives?

Argument in favor

Too many young Americans are financially illiterate and therefore unable to make smart financial decisions for themselves. Encouraging public-private partnerships to fix this problem has a wide range of benefits for individuals and the broader economy.

Caren's Opinion
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04/30/2019
Yes, this type of program to better educate young people and help them understand the financial world and to manage money is worthwhile. This should be a program that covers a two year period whether 10th 11th, or 12th grades and should not be hurried through. Students should be taught how to manage a checkbook and given a realistic idea of expenses from housing costs, utilities, food, etc., to get an idea of what to expect in a responsible adult world. Further, the importance of saving and information on investments, and buying a home, etc., would be very important information. Students should have to do hands-on projects doing mock, but realistic transactions. It may also be advantageous to have labs and repeat lessons for students who may take longer to learn some technical aspects. The goal isn’t how fast individuals can learn material, but to successfully learn material so they have a solid grasp and are prepared on what to expect in an independent adult world. Such classes should be mandatory.
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Richard's Opinion
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04/30/2019
Most definitely in regards we need good people prosper in life
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SneakyPete's Opinion
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04/30/2019
It Surprises Me in Seeing So Many Progressive Liberals Not Supporting. Too many young Americans are financially illiterate and therefore unable to make smart financial decisions for themselves. Encouraging public-private partnerships to fix this problem has a wide range of benefits for individuals and the broader economy. SneakyPete..... 👍🏻👍🏻 YodaSays 👍🏻👍🏻. 4*30*19.....
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Argument opposed

As a non-binding resolution, this bill is a pointless gesture that doesn’t achieve anything meaningful. Rather than debating and passing this, it’d be better for the House to consider legislation to actually create public-private financial education partnerships.

cpreston2's Opinion
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04/30/2019
Public educational activities should be funded and administered at the state or local level. Private organizations may support educational activities as they deem appreciate.
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ManfromNebraska's Opinion
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04/30/2019
Meaningless resolution! Get to work on securing our borders and other important issues. Stop wasting time and money on meaningless resolutions!
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IllWill's Opinion
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04/30/2019
What is the point of this bill when it literally does nothing to improve financial literacy for young people? If Congress really wants to do something than it should provide funding for states implement financial literacy programs in schools.
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simple resolution Progress


  • The house has not voted
      house Committees
      Committee on Financial Services
    IntroducedApril 25th, 2019
    Yes, this type of program to better educate young people and help them understand the financial world and to manage money is worthwhile. This should be a program that covers a two year period whether 10th 11th, or 12th grades and should not be hurried through. Students should be taught how to manage a checkbook and given a realistic idea of expenses from housing costs, utilities, food, etc., to get an idea of what to expect in a responsible adult world. Further, the importance of saving and information on investments, and buying a home, etc., would be very important information. Students should have to do hands-on projects doing mock, but realistic transactions. It may also be advantageous to have labs and repeat lessons for students who may take longer to learn some technical aspects. The goal isn’t how fast individuals can learn material, but to successfully learn material so they have a solid grasp and are prepared on what to expect in an independent adult world. Such classes should be mandatory.
    Like (12)
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    Public educational activities should be funded and administered at the state or local level. Private organizations may support educational activities as they deem appreciate.
    Like (14)
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    Meaningless resolution! Get to work on securing our borders and other important issues. Stop wasting time and money on meaningless resolutions!
    Like (9)
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    Most definitely in regards we need good people prosper in life
    Like (8)
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    It Surprises Me in Seeing So Many Progressive Liberals Not Supporting. Too many young Americans are financially illiterate and therefore unable to make smart financial decisions for themselves. Encouraging public-private partnerships to fix this problem has a wide range of benefits for individuals and the broader economy. SneakyPete..... 👍🏻👍🏻 YodaSays 👍🏻👍🏻. 4*30*19.....
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    Young people have no clue how to be financially responsible
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    What is the point of this bill when it literally does nothing to improve financial literacy for young people? If Congress really wants to do something than it should provide funding for states implement financial literacy programs in schools.
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    The Democrats should divert available funds to this purpose
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    I do believe we should have financial literacy. We need financial literacy to begin in high school. Many schools have actually setup programs where students go through exercises of virtual investing. But I think a bigger picture is being missed here. You can have all the education in the world, but if you are involved with amoral, unethical, unscrupulous financial managers handling your money, this point is moot. I watched a financial manager advise my husband in 2000 to hold on to stocks when the market was sinking like a rock. I knew there was something wrong, but could not get my husband to believe me. He chose to follow the advice of our advisor. We basically lost everything. Which brings up another point, I personally don't believe retirements should be gambled in investments in the market anyway. So my question would be, how are you going to teach people to spot people who advise inappropriately? Many of these people are smooth talkers who can spin market conditions. The laws that were put in place after the market crash put a fiduciary responsibility clause on financial advisors. Thats now gone. So in short, you can educate people all you want, but if they are being represented by people who are incompetent or cheats its not going to make any difference. These people and their companies should be held accounted! They are the proclaimed experts. You cannot expect to give someone a few hours of financial education and say they are financially responsible. You are merely passing the buck and removing that fiduciary responsibility that all financial managers should have. How do I know this, because I now have an MBA. I only spotted what was going on because I was studying graduate level corporate finance at the time. I don't think everyone would get that level of education in a public or private financial literacy class.
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    Any supper to help bring this country forward is a step int eh right dit
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    Teaching young people to avoid the rip off artists and to save some for the future is vital.
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    Hell yes they think socialism is good! Need to get rid of lib teachers.
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    Financial literacy is the best gift you can give to an American child. I firmly believe Republicans push against this because their business plan for the past 40 years is to dumb down the nation sprinkled with fear and hate so they can manipulate the populous to vote against their own interest while controlling all those in debt.
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    Smarter consumers
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    The more educated our citizens are the better our country will be.
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    Encourage complete financial education. Instruct on things like the Rule of 72 for example.
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    Absolutely, with a focus on women.
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    Great for the economy, it would be nice who wants us to remain ignorant.
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    Congress takes full advantage of the fact that too many Americans know very little about how money actually works.
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    I agree that too many young Americans are financially illiterate and therefore unable to make smart financial decisions for themselves. Encouraging public-private partnerships to fix this problem has a wide range of benefits for individuals and the broader economy. 👍🏻👍🏻. SneakyPete 👍🏻👍🏻
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