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House passes bill to create a Kentucky Financial Literacy Commission

Would create a college savings rate

moneyFRANKFORT, Ky. (Feb. 27, 2015) — The Kentucky House passed a bill this week to create a Kentucky Financial Literacy Commission. The commission would work to increase the college savings rate, the rate of retirement savings, provide a resource for everyday money management and provide free resources to parents and educators to utilize for teaching children about money.

The bill is modeled after a similar bill in Tennessee. Since the Tennessee commission was created the Volunteer State has risen to be a national leader in financial literacy, receiving the highest ranking given by The Center for Financial Literacy at Champlain College.

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