The foundation of American economic prosperity is a society empowered with the knowledge and tools to make informed financial decisions to achieve the American Dream. During National Financial Literacy Month, we commit to providing critical resources for every American, young and old, helping them invest in a brighter, more secure future.
Financial independence allows each of us the opportunity to diligently save and freely invest in our robust, and rapidly evolving economy. As part of my recent effort to strengthen American leadership in digital financial technology, my Administration is supporting the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy. The United States is the best, most innovative in the world, and we want everyone to invest in, and reap the benefits of, expanding our nation’s prosperity.
Research shows financial literacy leads to greater investments, higher retirement savings, and ultimately more household wealth. It is essential for fostering a healthy and efficient marketplace. The Financial Literacy and Education Commission is a body chaired by the Secretary of the Treasury and comprised of the heads of 23 federal agencies and the White House Domestic Policy Council. The Commission plays a pivotal role in financial literacy by assessing the effectiveness of financial education programs and promoting practices that empower American families.
Upon taking office, I took immediate action to end the cost-of-living crisis, ordering all federal agencies to untangle the economy from crippling regulatory overreach—delivering long overdue relief to hardworking American families. Under my leadership, we will continue to strengthen and support American families by eliminating taxes on tips, overtime, and Social Security while extending the historic tax cuts from my first term. We are also deregulating and collaborating with employers and local partners to help Americans build more secure and prosperous futures for themselves and their families.
We will never stop fighting to put more money back in the pockets of our overburdened taxpayers and to end the waste, fraud, and abuse in Government. With enhanced financial literacy, Americans are forging their own economic destinies free from unnecessary government interference. As President, I will revive the American Dream, turning it from a relic of the past to a promise for the future in our new Golden Age.
During this National Financial Literacy Month, I urge families, communities, schools, and institutions to commit to bolstering their financial knowledge. There are amazing resources available to you and your family through the Department of the Treasury’s website that will assist you in making sound financial decisions. Together, we can all protect each American’s right to economic freedom, securing the promise of prosperity for generations to come.