S.C.R. 4
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SENATE CONCURRENT RESOLUTION NO. 4–SENATORS
OHRENSCHALL, SCHEIBLE; CRUZ-CRAWFORD, DALY,
DOÑATE, DONDERO LOOP AND TAYLOR
APRIL 14, 2025
____________
JOINT SPONSORS: ASSEMBLYMEMBERS YEAGER, NGUYEN;
ANDERSON, BACKUS, BROWN-MAY, CARTER, COLE,
CONSIDINE, DALIA, DELONG, DICKMAN, D’SILVA,
EDGEWORTH, FLANAGAN, GALLANT, GONZÁLEZ,
GOULDING, GRAY, GURR, HAFEN, HANSEN, HARDY,
HIBBETTS, HUNT, JACKSON, JAUREGUI, KARRIS, KASAMA,
KOENIG, LA RUE HATCH, MARZOLA, MILLER,
MONROE-MORENO, MOORE, MOSCA, NADEEM, O’NEILL,
ORENTLICHER, ROTH, TORRES-FOSSETT, WATTS AND
YUREK
____________
Read and Adopted
SUMMARY—Declares April 2025 as Financial Literacy Month.
(BDR R-1163)
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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.
SENATE CONCURRENT RESOLUTION—Declaring April 2025
as Financial Literacy Month.
WHEREAS, The Legislature passed Senate Bill No. 314 (2019), 1
which helps make financial literacy in the classroom a reality for 2
Nevada’s school-age children and established the State Financial 3
Literacy Advisory Council; and 4
WHEREAS, The duties of the State Financial Literacy Advisory 5
Council include requirements for the Advisory Council to develop a 6
strategic plan for the development of educational resources in 7
financial literacy and identify learning activities targeted toward the 8
standards and criteria of a curriculum in financial literacy; and 9
WHEREAS, The Legislature passed Assembly Bill No. 274 10
(2023), which revised provisions relating to the instruction of 11
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financial literacy in this State to help students navigate personal 1
finances; and 2
WHEREAS, A lack of financial literacy has real consequences for 3
individuals, including lower savings rates, poor credit and less 4
wealth overall; and 5
WHEREAS, The Organisation for Economic Co-operation and 6
Development conducted a survey in 2022 of individuals who are 15 7
years of age in the United States and found that 17 percent of 8
respondents did not learn or are unable to apply fundamental 9
financial skills that often occur in everyday situations, such as 10
building a simple budget, comparison shopping and understanding 11
an invoice; and 12
WHEREAS, According to an Organisation for Economic Co-13
operation and Development study conducted in 2022, more than one 14
in six students in the United States did not reach the baseline level 15
of proficiency in financial literacy; and 16
WHEREAS, In 2018, an EVERFI survey of over 100,000 17
incoming college students found that 92 percent of students felt they 18
needed more education, information or support to be able to pay off 19
their college loans; and 20
WHEREAS, According to a survey conducted by Experian in 21
2019, 49 percent of Generation Z consumers surveyed said that they 22
found financial topics to be somewhat interesting or interesting, and 23
11 percent said they loved learning about such topics; and 24
WHEREAS, The International Review of Economics Education 25
published a paper in 2014 titled “The features and effectiveness of 26
the Keys to Financial Success curriculum,” which found that one-27
semester financial literacy programs taught by trained teachers were 28
found to increase the financial knowledge of high school students by 29
61 percent and were most effective in improving knowledge in the 30
areas that the students were most deficient; and 31
WHEREAS, A study from Montana State University found that 32
high school financial education leads to better financial aid 33
decisions once students reach college, increases subsidized 34
borrowing at advantageous federal rates and decreases use of more 35
costly forms of borrowing, including credit cards and private loans; 36
and 37
WHEREAS, Financial literacy rates directly affect the financial 38
health of individuals, families, communities and the country; and 39
WHEREAS, Resolutions similar to this resolution have been 40
introduced and passed with strong bipartisan support to increase 41
awareness of the need for financial literacy for Nevada citizens; 42
now, therefore, be it 43
RESOLVED BY THE SENATE OF THE STATE OF NEVADA, THE 44
ASSEMBLY CONCURRING, That the Nevada Legislature hereby 45
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recognizes and declares the month of April 2025 as Financial 1
Literacy Month, in order to raise public awareness about the need 2
for increased financial capability; and be it further 3
RESOLVED, That the Secretary of the Senate prepare and 4
transmit a copy of this resolution to the Governor of the State of 5
Nevada, the Majority Leader of the Senate, the Speaker of the 6
Assembly, the Minority Leader of the Senate, the Minority Leader 7
of the Assembly, the Superintendent of Public Instruction, the 8
Nevada Credit Union League and the Nevada Bankers Association; 9
and be it further 10
RESOLVED, That this resolution becomes effective upon 11
adoption. 12
H