This week, U.S. Congressman Steve Stivers (OH-15) and U.S. Congresswoman Joyce Beatty (OH-03) were named co-chairs of the Congressional Financial and Economic Literacy Caucus for the 115th Congress.
WASHINGTON, D.C. – This week, U.S. Congressman Steve Stivers (OH-15) and U.S. Congresswoman Joyce Beatty (OH-03) were named co-chairs of the Congressional Financial and Economic Literacy Caucus for the 115th Congress.
“An understanding of financial decisions is critical to building a successful future. Unfortunately, many Americans are not educated enough in topics such as budgeting, personal finance, and retirement – all of which can have an impact on your financial future,” Stivers said. “I am looking forward to working with Representative Beatty to fulfill the purpose of the Financial and Economic Literacy Caucus: improve the financial literacy and economic education of all individuals across the United States during all stages of their lives.”
“Far too many Americans lack the basic financial literacy skills to make informed financial decisions, avoid predatory financial products and services, or adequately save for retirement,” Beatty said. “I look forward to working with Congressman Stivers, a fellow Central Ohioan, to ensure more people in the Buckeye State and nationwide can better manage their credit, budget, understand their financial obligations, and save for the future.” Beatty continued, “Financial literacy is a lifelong journey, and it is imperative we equip every American with the much-needed skills and tools to successfully navigate the financial road ahead.”
Established by former Congressman Rubén Hinojosa (D-TX) and former Congresswoman Judy Biggert (R-IL) in 2005, the bipartisan Financial and Economic Literacy Caucus’ goal is to improve the financial literacy and capability of all people. In addition, the Caucus reviews, discusses and recommends financial and economic literacy policies, legislation, programs and related matters at all levels of government, as well as collaborates with the private sector, nonprofits, community-based organizations and faith-based groups.