- 82nd Session (2023)
Senate Concurrent Resolution No. 2–Senators Lange, Cannizzaro,
Spearman, Dondero Loop; Daly, Donate, Flores, D. Harris,
Neal, Nguyen, Ohrenschall, Pazina and Scheible
Joint Sponsor: Assemblyman Nguyen
FILE NUMBER..........
SENATE CONCURRENT RESOLUTION—Declaring April 2023
as Financial Literacy Month.
WHEREAS, The Legislature passed Senate Bill No. 314 (2019),
which helps make financial literacy in the classroom a reality for
Nevada’s school-age children; and
WHEREAS, The Nevada Department of Education acknowledges
that young people need to be equipped with the skills and
knowledge that allow them to be savvy consumers and competent
managers of their own finances; and
WHEREAS, A lack of financial capability has real consequences
for individuals, including lower savings rates, poor credit and less
wealth overall; and
WHEREAS, The Organization for Economic Co-operation and
Development conducted a survey in 2018 of individuals who are 15
years of age in the United States and found that 18 percent of
respondents did not learn fundamental financial skills that are often
applied in everyday situations, such as building a simple budget,
comparison shopping and understanding an invoice; and
WHEREAS, According to an Organization for Economic Co-
operation and Development study, in 2018, more than one in six
students in the United States did not reach the baseline level of
proficiency in financial literacy; and
WHEREAS, In 2018, an EVERFI survey of over 100,000
incoming college students found that 92 percent of students felt
“they needed more education, information and/or support to be able
to pay off their college loan”; and
WHEREAS, According to a survey conducted by Experian in
2019, 49 percent of Generation Z consumers surveyed said that they
found financial topics to be somewhat interesting or interesting, and
11 percent even said they loved learning about such topics; and
WHEREAS, The International Review of Economics Education
published a paper in 2014 titled “The features and effectiveness of
the Keys to Financial Success curriculum,” which found that one-
semester financial literacy programs taught by trained teachers were
found to increase high school students’ financial knowledge by 61
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- 82nd Session (2023)
percent and were most effective in improving knowledge in the
areas that the students were most deficient; and
WHEREAS, A study from Montana State University found that
high school financial education leads to better financial aid
decisions once students reach college, increases subsidized
borrowing at advantageous federal rates and decreases use of more
costly forms of borrowing, including credit cards and private loans;
and
WHEREAS, Financial literacy rates directly affect the financial
health of individuals, families, communities and the country; and
WHEREAS, Resolutions similar to this resolution have been
introduced and passed with strong bipartisan support to increase
awareness of the need for financial literacy for Nevada citizens;
now, therefore, be it
RESOLVED BY THE SENATE OF THE STATE OF NEVADA, THE
ASSEMBLY CONCURRING, That the Nevada Legislature hereby
recognizes and declares the month of April 2023 as Financial
Literacy Month, in order to raise public awareness about the need
for increased financial capability; and be it further
RESOLVED, That the Secretary of the Senate prepare and
transmit a copy of this resolution to the Nevada Credit Union
League, the Governor of the State of Nevada, the Superintendent of
Public Instruction, the Chairs of the Senate Finance and Ways and
Means Committees, the Legislative Commission and the Director of
the Nevada Legislative Counsel Bureau; and be it further
RESOLVED, That this resolution becomes effective upon
adoption.
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