Please ensure Javascript is enabled for purposes of website accessibility Hill-Evans, DeFoor, and business leaders discuss financial literacy awareness efforts

Hill-Evans, DeFoor, and business leaders discuss financial literacy awareness efforts

YORK, April 1 – State Rep. Carol Hill-Evans, D-York, has once again joined Auditor General Tim DeFoor to recognize April as Financial Literary Awareness Month in Pennsylvania and discuss the importance of efforts to increase financial literacy across the commonwealth.

Financial literacy for adults and young people alike has been among Hill-Evans’ legislative efforts over several years. That includes her annual resolution (H.R. 408) focusing on financial literacy awareness, which was recently reported out of the House Finance Committee.

“Proper financial literacy is the foundation of a stable future and long-term security. Regardless of one’s background, understanding how money works empowers individuals to make informed decisions and achieve their personal goals.” Hill-Evans said

“We’ve made strides since the nation’s first Financial Literacy Month some 22 years ago, but we have yet to see the improvements necessary to scale back our efforts,” she said, pointing to the resolution that the 108th United States Congress passed in 2004, when it first recognized Financial Literacy Month.

That resolution, she explained, cited a 2003 study that revealed only 26% of young people were being taught by their parents how to manage money, and that the number of schools including personal finance in their K-12 education standards was decreasing.

The study also found that high school seniors knew less about credit cards, retirement funds, and other basics than high school seniors did five years prior.

“When we think of the skills we want students in Pennsylvania to walk away with when they graduate, it must become standard for them to include skills to counter the biggest issues people struggle with financially: how to manage credit, how to recognize predatory lenders, what it means to take out a loan, and how to plan for emergencies and other major life expenses,” Hill-Evans said. “We must impress upon students, parents, and educators that the fundamentals an individual needs to financially plan for their retirement begins when they’re still in grade school.”

In addition to Auditor General DeFoor and State Representative Hill-Evans, speakers at today’s kickoff event included Ellie Lamison, workforce readiness coordinator for Central York High School, and Dr. Constance Craig-Mason, financial planner and CEO of Concierge Financial Advisory.

 Print-quality photos from today’s kickoff event can be found here.

Video of the event can be found here.