There is a growing consensus that too many Americans lack the basic financial literacy skills to enable them to navigate our increasingly complex financial system, make informed financial decisions, and avoid abusive financial products and services. Studies consistently show that a significant number of Americans have inadequate knowledge about concepts related to personal finance and basic economics including budgeting, managing credit use and debt problems, reading and understanding credit reports, understanding the terms of a mortgage or vehicle loan, using and maintaining a checking account, and understanding the importance of saving for retirement.


The goal of the Financial and Economic Literacy Caucus is to improve the financial literacy and economic education of all individuals across the United States during all stages of their lives. The Caucus reviews, discusses and recommends financial and economic literacy policies, legislation, programs and related matters at the federal, state and local levels and collaborates with the private sector, nonprofits, community-based organizations and faith based groups.


The Caucus also hosts roundtables, staff briefings and other financial literacy educational forums. It also organizes and coordinates with outside groups on events such as:



Co-Chairs Rep. Beatty and Rep. Stivers introduced the Housing Financial Literacy Act of 2017, aimed at increasing first-time homebuyers financial knowledge

The Caucus also sponsors the annual resolutions from the House of Respresentatives declaring  Financial Literacy Month (April):

  • H.RES.243 (Supporting the goals and ideals of "Financial Literacy Month")
  • H.RES.535 (Supporting the goals and ideals of "Financial Literacy Month")
  • H.RES. 172 (Supporting the goals and ideals of "Financial Literacy Month")