H.C.R. NO.














Requesting the board of education to include financial literacy as part of the public school curriculum at all levels and to include a financial literacy class among high school graduation requirements.



     WHEREAS, the world of personal finance is becoming increasingly complex; and


     WHEREAS, Americans face financial difficulties stemming from high consumer debt, low savings, overwhelming student loans, and poor credit; and


     WHEREAS, many adults feel uncomfortable teaching children about finances due to their own lack of understanding of financial concepts; and


     WHEREAS, soon after graduating high school, many young people take on the responsibilities of generating income, paying bills, managing money, taking out loans, and preparing for future goals; and


     WHEREAS, young people are ill-equipped to make sound financial decisions; and


     WHEREAS, financial education programs are widely encouraged by the United States Department of Education, United States Treasury, United States Consumer Protection Bureau and by leaders in business, finance, government, and academia; now, therefore,


     BE IT RESOLVED by the House of Representatives of the Twenty-eighth Legislature of the State of Hawaii, Regular Session of 2015, the Senate concurring, that the Board of Education is requested to incorporate financial literacy in the curriculum at each level in all Hawaii public schools; and


     BE IT FURTHER RESOLVED that the Board of Education is requested to modify high school graduation requirements to include successful completion of a financial literacy course; and


     BE IT FURTHER RESOLVED that the Board of Education is requested to adopt a financial literacy curriculum that includes lessons in:


     (1)  Earning income;


     (2)  Spending;


     (3)  Saving;


     (4)  Borrowing;


     (5)  Investing;


     (6)  Managing money;


     (7)  Credit and debt;


     (8)  Taxes;


     (9)  Careers and entrepreneurship; and


    (10)  Financial decision making; and


     BE IT FURTHER RESOLVED that certified copies of this Concurrent Resolution be transmitted to the Chairperson of the Board of Education and Superintendent of Education.











Report Title: 

Financial Literacy; Board of Education; Department of Education; Curriculum; Graduation Requirements