[Congressional Record Volume 156, Number 56 (Tuesday, April 20, 2010)]
[Extensions of Remarks]
[Page E587]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    RECOGNIZING THE KENO MICRO-FUND

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                       HON. LYNN A. WESTMORELAND

                               of georgia

                    in the house of representatives

                        Tuesday, April 20, 2010

  Mr. WESTMORELAND. Madam Speaker, I rise today to recognize the Keno 
Micro-Fund for its role in promoting financial literacy.
  IN the State of Georgia 69,980 businesses and non-businesses filed 
bankruptcy from July 1, 2008 through June 30, 2009. This makes 
Georgia's bankruptcy rate one of the highest in the country.
  The number of 18- to 24-year-olds declaring bankruptcy continues to 
grow at an alarming rate.
  The average debt level for 2008 graduates from Georgia colleges was 
over $17,000.
  As the Nation recovers from one of the most devastating financial 
downturns in more than half a century, it is critical that we make a 
determined effort to promote financial literacy among America's youth. 
To that end, I offer my formal acknowledgement and deepest appreciation 
for organizations in the State of Georgia like the Keno Micro-Fund, 
which are dedicated to fostering a deeper understanding of financial 
principles and money management among young people.

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