What's happening
This resolution urges the Governor to proclaim April 2017 as Financial Literacy Month in New York State.
Why it matters
Emphasizes the importance of personal financial literacy. as a means for individuals to effectively manage money, credit, and debt, which impacts their ability to function as responsible workers, heads of households, and citizens.
Highlights the scale of financial challenges facing New Yorkers and Americans at large,. such as high average household debts and the prevalence of living paycheck to paycheck, suggesting that financial literacy is urgently needed to address widespread economic vulnerability.
Suggests that increased financial literacy can empower individuals. to make smarter financial decisions, reduce confusion in a complex economy, and potentially boost economic growth through more informed participation in financial markets and institutions.
Calls for expanded partnerships between government and private entities. to leverage technology and improve access to financial education and mainstream financial institutions, aiming to provide more secure and affordable financial options for all.
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Headline styles
Make April Financial Literacy Month
Plain English, a few words. Used as the page title.
Sponsors
54 Multi-sponsors
- Peter Abbate
- William A. Barclay
- Didi Barrett
- Michael Blake
- Karl Brabenec
- Vivian Cook
- Clifford Crouch
- Carmen De La Rosa
- Anthony D'Urso
- Steven Englebright
- Joseph Errigo
- Patricia Fahy
- Sandy Galef
- Joseph Giglio
- Mark Gjonaj
- Deborah Glick
- Richard Gottfried
- Aileen Gunther
- Pamela Harris
- Andrew Hevesi
- Earlene Hooper
- Alicia Hyndman
- Ellen C. Jaffee
- Kimberly Jean-Pierre
- Mark C. Johns
- Billy Jones
- Latoya Joyner
- Peter Lawrence
- Joseph Lentol
- Donna Lupardo
- Chad A. Lupinacci
- Angelo J. Morinello
- Walter T. Mosley
- Dean Murray
- Catherine Nolan
- Robert Oaks
- Felix Ortiz
- Crystal Peoples-Stokes
- N. Nick Perry
- Stacey Pheffer Amato
- Edward Ra
- Andrew Raia
- Linda Rosenthal
- Nily Rozic
- Robin Schimminger
- Rebecca Seawright
- Jo Anne Simon
- Aravella Simotas
- James Skoufis
- Fred Thiele
- Raymond Walter
- David Weprin
- Carrie Woerner
- Tremaine Wright
History
- Adopted
- Referred to calendar
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
Assembly Resolution No. 329 BY: M. of A. Zebrowski MEMORIALIZING Governor Andrew M. Cuomo to proclaim April 2017, as Financial Literacy Month in the State of New York WHEREAS, The State of New York takes great pride in acknowledging months of recognition of… Show allHide
Assembly Resolution No. 329 BY: M. of A. Zebrowski MEMORIALIZING Governor Andrew M. Cuomo to proclaim April 2017, as Financial Literacy Month in the State of New York WHEREAS, The State of New York takes great pride in acknowledging months of recognition of important issues; and WHEREAS, Financial Literacy Month will be celebrated during the month of April 2017; and WHEREAS, Personal financial literacy ensures that individuals are prepared to manage money, credit, and debt; it also helps them become responsible workers, heads of households, investors, entrepreneurs, business leaders, and citizens; and WHEREAS, In 2016, the United States household consumer debt profile was: Average credit card debt: $16,748; Average mortgage debt: $176,222; and Average student loan: $49,905; and WHEREAS, In total, American consumers debt totaled nearly $12.58 trillion; and WHEREAS, Credit card debt is the third largest source of household indebtedness; mortgage and student loans debt markets are larger; and WHEREAS, Sixty-two percent of all Americans are living paycheck to paycheck; and WHEREAS, Expanding access to these mainstream financial institutions will provide individuals with less expensive and more secure options for managing their finances and building wealth; and WHEREAS, Increased financial literacy empowers individuals to make wise decisions and reduces the confusion caused by the increasingly complex economy; and WHEREAS, Because of the present financial crisis, there is a need for further support through government and private partnerships that can provide efficient use of resources to leverage technology advancements to reach additional consumers; and WHEREAS, A greater understanding of, and familiarity with financial markets and institutions will lead to increased economic activity and growth; now, therefore, be it RESOLVED, That this Legislative Body pause in its deliberation to memorialize Governor Andrew M. Cuomo to proclaim April 2017, as Financial Literacy Month in the State of New York; and be it further RESOLVED, That a copy of this Resolution, suitably engrossed, be transmitted to The Honorable Andrew M. Cuomo, Governor of the State of New York.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.