The new Financial and Economic Literacy Caucus, in conjunction with Junior Achievement, the Jump$tart Coalition and the National Council on Economic Education will present a Financial Literary Day Fair and Luncheon today on Capitol Hill.

Earlier this month, caucus co-founders Reps. Judy Biggert (R-Ill.) and Rubén Hinojosa (D-Texas) introduced a resolution supporting the goals and ideals of Financial Literacy Month. The resolution, which was passed by the House, called for the president to issue a proclamation calling on federal, state and local governments to work with businesses and nonprofit organizations to observe and promote April as Financial Literacy Month.

“If our schools don’t teach the ABC’s of finance and economics, our children are more likely to fall into debt and behind in life, especially in today’s global economy,” Biggert said in a statement released earlier this month.

As Americans seek to take control of their financial and economic planning, Financial Literacy Day will highlight the powerful need for both financial and economic education.

The luncheon will be held in the Cannon Caucus Room from 12:30 to 3:30 p.m. It will feature presentations by Members of Congress — including Biggert and Hinojosa — about the pressing need for financial and economic literacy among Americans. In addition, several financial literacy groups will display materials and engage dialogue with interested parties in attendance.

— Amanda Arcuri