Hawaii House Bill HR61

Hawaii 2022 Regular Session

• Introduced: 3/10/22
• Refer: 3/14/22

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

The inclusion of financial literacy in the education curriculum is expected to have a significant impact on state laws concerning educational requirements. Specifically, the resolution advocates for a consistent approach across all high schools within the Department of Education, which could lead to amendments in existing educational policy to accommodate this essential learning aspect. By making financial literacy a requirement, Hawaii could enhance the overall quality of its education system and better prepare its students for real-world financial responsibilities.

Summary

House Resolution 61 urges the Hawaii Department of Education to include financial literacy as a compulsory component of the Personal Transition Plan course for each student. The resolution recognizes the inadequacies of assuming that families will teach essential financial skills to their children, noting that not all students receive this critical education at home. It emphasizes that financial literacy is vital for students' future success, preparing them to handle money, credit, and debt effectively. The resolution stresses the importance of equipping Hawaii's youth with the necessary skills to achieve financial stability and independence as they transition into adulthood.

Contention

While there seems to be a general agreement on the need for financial literacy education, some points of contention may arise around the implementation and resources needed for this initiative. Critics might express concerns regarding the adequacy of pre-existing course structures and the challenge of integrating financial literacy into an already busy curriculum. Others may debate the effectiveness of the proposed measures or question whether the Department of Education has the resources necessary to effectively roll out this requirement across all schools.