THE SENATE

S.C.R. NO.

81

THIRTY-FIRST LEGISLATURE, 2021

 

STATE OF HAWAII

 

 

 

 

 

SENATE CONCURRENT

RESOLUTION

 

 

Urging the Department of education to include the teaching of financial literacy in the existing personal transition plan course requirement for each student.

 

 


     WHEREAS, financial education is a lifelong learning process that empowers individuals to plan for their futures; and

 

     WHEREAS, in the past, the educational system has assumed that students will learn important financial skills from their families; and

 

     WHEREAS, not all students are being taught the financial skills they will need to be successful later in life; and

 

     WHEREAS, the lack of financial literacy in students poses a significant barrier for individuals seeking to achieve financial prosperity and stability; and

 

     WHEREAS, personal financial education is essential to ensure that our youth are prepared to manage money, credit, and debt and to become responsible workers, heads of households, investors, entrepreneurs, business leaders, and citizens; and

 

     WHEREAS, it is of the utmost importance to educate Hawaii's youth in economic and financial matters to prepare them for financial independence through the development of fiscal responsibility and financial management skills; and

 

     WHEREAS, although the Department of Education offers a financial literacy elective course, it is not required; and

 

     WHEREAS, some amount of basic skills and knowledge of financial literacy should be required for all students; now, therefore,

 

     BE IT RESOLVED by the Senate of the Thirty-first Legislature of the State of Hawaii, Regular Session of 2021, the House of Representatives concurring, that the Department of Education is urged to include the teaching of financial literacy in the existing personal transition plan course requirement for each student; and

 

     BE IT FURTHER RESOLVED that the Department of Education is urged to submit a report of its findings and recommendations, including any proposed legislation, to the Legislature no later than twenty days prior to the convening of the Regular Session of 2022; and

 

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

 

 

 

 

OFFERED BY:

_____________________________

 

 

Report Title: 

Department of Education; Financial Literacy; Personal Transition Plan