; Whereas the 2016 Retirement Confidence Survey conducted by the Employee Benefit Research Institute found that 19 percent of workers were not at all confident that they had enough money to retire; Whereas, according to the statistical release of the Board of Governors of the Federal Reserve System for the fourth quarter of 2016 entitled Financial Accounts of the United States: Flow of Funds, Balance Sheets, and Integrated Macroeconomic Accounts , outstanding household debt in the United States was $14,800,000,000,000 at the end of the fourth quarter of 2016; Whereas, according to the 2016 Survey of the States: Economic and Personal Finance Education in Our Nation's Schools, a biennial report by the Council for Economic Education— (1) only 20 States require students to take an economics course as a high school graduation requirement; and (2) only 17 States require students to take a personal finance course as a high school graduation requirement, either independently or as part of an economics course; Whereas, according to the Gallup-HOPE Index, only 52 percent of students in the United States have money in a bank or credit union account; Whereas expanding access to the safe, mainstream financial system will provide individuals with less expensive and more secure options for managing finances and building wealth; Whereas quality personal financial education is essential to ensure that individuals are prepared— (1) to manage money, credit, and debt; and (2) to become responsible workers, heads of household, investors, entrepreneurs, business leaders, and citizens; Whereas increased financial literacy empowers individuals to make wise financial decisions and reduces the confusion caused by an increasingly complex economy; Whereas a greater understanding of, and familiarity with, financial markets and institutions will lead to increased economic activity and growth; and Whereas, in 2003, Congress— (1) determined that coordinating Federal financial literacy efforts and formulating a national strategy is important