Hawaii Senate Bill SR165

Hawaii 2024 Regular Session

• Introduced: 3/8/24
• Refer: 3/14/24

Caption

Requesting The Board Of Education To Require The Instruction Of Financial Literacy In The Statewide Public School Curriculum.

Impact

If adopted, SR165 would require the state’s educational system to integrate financial literacy instruction into both middle and high school curricula across Hawaii. The proposed resolution aims to equip students with essential skills in managing money, understanding credit, and making informed financial decisions. This shift in curriculum would mark a significant step towards enhancing the financial capability of future generations in Hawaii, preparing them for responsible citizenship and potential entrepreneurship.

Summary

Senate Resolution 165 (SR165) calls on Hawaii's Board of Education to mandate the inclusion of financial literacy in the public school curriculum. The resolution highlights the increasing necessity for financial education among the youth, asserting that many students do not receive adequate financial skills from their families, ultimately impacting their future financial success. It argues that the lack of financial literacy leads to poor financial decision-making, which can perpetuate cycles of financial insecurity.

Contention

Although SR165 seeks to improve financial literacy among students, it may encounter resistance regarding curriculum requirements and the allocation of resources for implementation. Critics might argue that imposing additional curriculum mandates could stretch existing educational resources thin. Furthermore, the practicality of teaching financial literacy effectively without compromising other essential educational areas may also be a point of contention. Nevertheless, supporters maintain that financial education is crucial for nurturing responsible, financially savvy adults.