U.S. Treasury Secretary Scott Bessent has emphasized the importance of financial literacy, calling it “the foundation for the American Dream.” The ability to manage personal finances effectively is seen as a key to improving one’s life circumstances. Senate Bill 843, which mandates financial literacy education in Pennsylvania high schools, passed with strong support. This bill has become Act 35 of 2023 and will require public schools to offer a half-credit course in personal financial literacy by the 2026-27 school year. Additionally, the Pennsylvania Department of Education will create a curriculum with input from financial literacy experts.
April is observed as Financial Literacy Month, and initiatives are being promoted to enhance financial knowledge. The Financial Literacy and Education Commission has introduced the “MyMoney Five,” principles aimed at guiding financial decision-making: earn, save and invest, protect, spend, and borrow. These principles help individuals manage earnings, invest for the future, safeguard finances, optimize spending, and understand borrowing.
The commission provides online resources, including calculators and worksheets for financial planning, available at MyMoney.gov. Improving financial literacy is seen as a step toward achieving personal financial goals and, ultimately, the American Dream.
In other news, National Work Zone Awareness Week begins April 21, urging drivers to “Respect the Zone So We All Get Home.” Following a tragic accident near Harrisburg, motorists are reminded to drive cautiously in work zones, adhere to posted speed limits, and turn on headlights to enhance safety.
April is also Child Abuse Prevention Month. Awareness is being raised about identifying and reporting abuse. State law mandates reporting by certain professionals, but everyone can play a part. Signs of abuse may include changes in behavior and reluctance to be around specific individuals. Suspicions of child abuse or neglect can be reported to PA ChildLine at 1-800-932-0313.
The information is being shared by Representative Jill Cooper from Pennsylvania’s 55th Legislative District.
