Promoting Financial Literacy for Young Adults

Summary#

This House resolution, introduced April 30, 2026, encourages more public-private collaboration to teach financial skills to students and young adults. It says personal financial literacy matters for budgeting, credit, student loans, savings plans, and turning retirement savings into income. The resolution cites studies and programs (for example, the Bureau of Consumer Financial Protection's work and the Money as You Grow lesson plans). It reaffirms section 342 of the Dodd-Frank Act on partnerships and internship opportunities, supports the Bureau's efforts to provide consumer information, and urges the Department of the Treasury to consult with FINRA and carry out future national financial capability studies.

What it means for you#

• The resolution asks federal agencies and private groups to promote financial education for children, high school and college students, and young workers.
• It highlights resources such as age-appropriate lesson plans and workshops that can be used by schools and educators.
• It supports partnerships that can create internships, summer jobs, and entry-level positions targeted to minorities and women.
• The text does not specify new funding or new legal requirements.

Expenses#

No publicly available information.

Proponents' View#

Supporters say the resolution is needed because many young people lack the skills to make major financial decisions. The text cites: low confidence among girls on money choices; state differences in required economics and personal finance courses; research showing ongoing financial education raises knowledge; the Bureau of Consumer Financial Protection's role and 2024 recommendations; and other federal resources such as the National Financial Capability Study and Federal Reserve publications. The resolution also references research that supports "just-in-time" financial education.

Opponents' View#

No publicly available information.