Hawaii Senate Bill SR18

Hawaii 2024 Regular Session

• Introduced: 3/5/24
• Refer: 3/14/24

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 resolution highlights a significant gap in current educational practices, where financial literacy is not sufficiently provided as part of the core curriculum. By making this course a requirement, the state aims to equip students with the necessary tools to achieve financial independence, thereby fostering a more financially literate future generation. Additionally, it seeks to ensure consistency in the teaching of financial literacy across all high schools governed by the Department of Education.

Summary

Senate Resolution 18 urges the Department of Education in Hawaii to include financial literacy as a mandatory component in the personal transition plan course requirement for all high school students. This resolution arises from the recognition that not all students receive adequate financial education at home, which is crucial for their future financial stability and success. The resolution emphasizes the importance of teaching students essential skills such as money management, credit, and debt handling, thus preparing them for responsible adulthood in their professional and personal lives.

Contention

While the resolution is intended to strengthen students' financial knowledge, it also opens up discussions about the educational system's broader priorities. Critics may question the feasibility of implementing such changes swiftly and whether the Department of Education possesses the resources needed to develop a comprehensive financial literacy curriculum. There may also be debates on the best methods for teaching financial literacy, which could reflect differing views on educational approaches and state education policies.