H.R. No. 387 is a resolution recognizing April 2025 as Financial Literacy Month in Texas. The resolution emphasizes the critical importance of personal financial literacy in everyday life and highlights the lack of financial education in schools, noting that only 26 states require a personal finance course for high school graduation. Research indicates that students who receive financial education are more likely to engage in positive financial behaviors, such as saving and managing credit responsibly, while adults often struggle with financial stability, as evidenced by a significant percentage lacking adequate cash reserves and living in credit card debt.
The resolution also acknowledges the efforts of various organizations to improve financial literacy across the nation through campaigns and counseling, reinforcing the need for individuals to develop sound money management skills. By designating April as Financial Literacy Month, the resolution aims to raise awareness about the importance of financial education and encourage Texans to enhance their understanding of personal finance, ultimately contributing to the economic well-being of the state and the nation.