Issue Position: Financial Literacy

Issue Position

Financial literacy is the ability to manage your money successfully. In Kentucky, few young people today know how to manage their personal finances. In 2018, I was very pleased to support HB 132, which will require high school students take a course in financial literacy before their graduation.

​My office launched our Financial Empowerment Database at the same time. This database is a first-of-its-kind resource that made over 100 financial literacy resources easily accessible for educators implementing HB 132. We hope to continue to empower our educators who work with our students, and to also provide financial literacy resources for other groups including emerging adults, aging Kentuckians, Commonwealth employees, Kentuckians with disabilities, low-income families, and veterans and military personnel.

​This year, HB 139, a legislative priority of mine was signed into law. The law establishes the Kentucky Financial Empowerment Commission. The Commission will be funded without use of taxpayer dollars thanks to a partnership I secured with Kentucky credit unions and will work to develop and implement plans to improve the financial empowerment of Kentuckians.

​The strides I have made to improve financial literacy in Kentucky led to me being named the Chair of the National Association of State Treasurer's Financial Education and Empowerment Committee.

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