April 23, 2014. U.S. Senator Kay Hagan, a member of the Senate Health, Labor, Education and Pensions (HELP) Committee, today released the following statement in support of Financial Literacy Month. Hagan cosponsored a resolution that recently passed in the Senate designating April 2014 Financial Literacy Month.
“Educating our young people with a basic understanding of financial concepts is an investment in their future economic success and security, and I strongly believe that financial literacy should be a part of the curriculum in classrooms throughout the country,” said Hagan. “I am proud to have introduced legislation that will help states provide financial literacy instruction in public elementary and secondary schools, and I urge my colleagues to pass this legislation that will empower our young people to make responsible financial decisions when applying for credit cards, securing student loans, taking out a mortgage or managing a budget.”
Last year, Hagan introduced the Financial Literacy for Students Act. The legislation would create incentive grants for states that agree to provide financial literacy education in Title I public elementary and secondary schools. It will allow for significant flexibility, creativity and innovation in the integration of financial literacy and entrepreneurship education into existing curricula. The bill was incorporated in the reauthorization of the Elementary and Secondary Education Act that was approved by the Senate HELP Committee last year.
Hagan has championed financial literacy education going back to her time as a state senator where she passed a law to include financial literacy education in North Carolina’s high school Civics courses.