Hawaii Senate Bill SCR11

Hawaii 2022 Regular Session

• Introduced: 3/3/22
• Refer: 3/3/22

Caption

Urging The Department Of Education To Include The Teaching Of Financial Literacy In The Existing Personal Transition Plan Course Requirement For Each Student.

Impact

If implemented, the resolution seeks to modify existing educational practices within Hawaii's Department of Education, making financial literacy a mandatory component of the curriculum. By ensuring consistency in how financial topics are taught across all high schools in the state, the resolution aims to improve students' preparedness for future financial independence. Supporters argue that these skills are vital for economic stability and successful adulthood, potentially addressing significant gaps in students' readiness to handle their personal finances.

Summary

SCR11, a Senate Concurrent Resolution from the Thirty-first Legislature of Hawaii, advocates for the inclusion of financial literacy in the ongoing Personal Transition Plan courses for students. This initiative stems from the recognition that many students lack exposure to essential financial skills, often relying on informal family teachings which may not always be adequate. The resolution emphasizes that financial literacy is crucial for young people to become responsible members of society who can manage credit, debt, and investments effectively.

Contention

While the intent of SCR11 is widely supported, concerns exist regarding the practicality and execution of mandating financial literacy education. Some educators and stakeholders question the feasibility of integrating such a requirement into an already packed curriculum, raising concerns about resource allocation and existing instructional focus. Nonetheless, advocates highlight that enhancing financial literacy education presents an opportunity to equip the youth with necessary life skills, ultimately fostering greater economic empowerment and civic responsibility among future generations.