Commonwealth of Massachusetts A Proclamation His Excellency Deval L. Patrick
Whereas Nationally, only 38% of high school seniors passed the Jump$tart Coalition Financial Literacy Survey in 2006 which measures knowledge of personal finance basics; and
Whereas The average U.S. teenager spends approximately $3,800 annually and average credit card debt for those ages 18-34 was $8,182. Within that age group, 19% declared bankruptcy in 2005; and
Whereas The Massachusetts Jump$tart Coalition for Personal Financial Literacy is a non-profit organization consisting of concerned professionals who volunteer their time and energy to, develop, disseminate, encourage and promote financial education for Massachusetts youth to meet these educational goals; and
Whereas 93% of teens surveyed say they are not involved in paying household bills or managing the household budget, and 46% do not know how to create a budget; and
Whereas Acquisition of financial literacy skills by Massachusetts youth will improve the quality of their lives as adults, will provide them with skills for success, will contribute to positive changes for the communities in which they live and work, and will benefit the economy of this state; and
Whereas The contribution of time, talent, energy and concern of the Massachusetts Jump$tart Coalition volunteers, who come from the business, government and education sectors, should not go unrecognized,
Now, Therefore, I, Deval L. Patrick, Governor of the Commonwealth of Massachusetts, do hereby proclaim April 2013 to be,
FINANCIAL LITERACY FOR YOUTH MONTH
And urge all the citizens of the Commonwealth to take cognizance of this event and participate fittingly in its observance.
Given at the Executive Chamber in Boston, this twenty first day of February, in the year two thousand and thirteen, and of the Independence of the United States of America, the two hundred and thirty-sixth.
By His Excellency
Deval L. Patrick Governor of the Commonwealth
William Francis Galvin Secretary of the Commonwealth