[Congressional Record (Bound Edition), Volume 155 (2009), Part 13]
[House]
[Page 18042]
[From the U.S. Government Publishing Office, www.gpo.gov]




                  YOUNG ADULTS FINANCIAL LITERACY ACT

  (Mr. CARSON of Indiana asked and was given permission to address the 
House for 1 minute.)
  Mr. CARSON of Indiana. Madam Speaker, I come to the floor to discuss 
the Young Adults Financial Literacy Act, which I mentioned last week, 
to help community organizations provide better financial education to 
young adults.
  As our recession drags on, it is clear that many of the problems we 
now face could have been avoided by better educating people about the 
financial system.
  Today, across our country, thousands of young people are getting 
their first credit card, taking out loans for college, and renting 
their first apartments. Yet statistics show that many of these young 
adults never learn basic financial skills like budgeting, saving, and 
maintaining manageable debt.
  My bill will help young people receive the financial education they 
need before they take these critical steps. It will provide grants for 
the development and implementation of effective education programs, 
empowering a young generation of consumers at this critical economic 
time.
  So I encourage my House colleagues to cosponsor the Young Adults 
Financial Literacy Act.

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