[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. Res. 88 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
S. RES. 88

To express the support of the Senate for programs such as the Jump$tart 
               Coalition for Personal Financial Literacy.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 21, 1997

 Mr. D'Amato submitted the following resolution; which was referred to 
          the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                               RESOLUTION


 
To express the support of the Senate for programs such as the Jump$tart 
               Coalition for Personal Financial Literacy.

Whereas at a time when more consumers are using credit than ever before, the 
        financial skills of young adults are not adequate to cope with the 
        rapid, technologically driven development of new financial products and 
        new ways to deliver those products;
Whereas lack of financial management skills is a major cause of rising consumer 
        bankruptcies and family crises, and generally impairs the health and 
        welfare of the general public;
Whereas it is critical that students and young adults develop functional skills 
        in money management, including basic budgeting, savings, investing, 
        spending, and income;
Whereas the Senate commends the Jump$tart Coalition for Personal Financial 
        Literacy for its effort to promote personal financial literacy; and
Whereas the Senate supports the Coalition's objective of promoting education to 
        ensure that basic personal management skills are attained during the 
        kindergarten through 12th grade educational experience: Now, therefore, 
        be it
    Resolved, That it is the sense of the Senate that the goal of 
having young adults who can enter the mainstream of an increasingly 
complex financial world with confidence and prudence is one which can 
be advanced through coordinated efforts such as the Jump$tart Coalition 
for Personal Financial Literacy.
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