Bill > SB91

This bill addresses the need for financial literacy education in Hawaii's schools by requiring the Department of Education to include financial literacy instruction within the existing personal transition plan for students, starting in the 2027-2028 school year. The bill recognizes that many students do not learn essential financial skills from their families and that financial education is crucial for preparing youth to manage money, understand credit and debt, and achieve financial independence. Schools will have flexibility in implementing this requirement, with the option to integrate financial literacy systematically into their program or develop a customized approach based on stakeholder input. The definition of financial literacy is broad, encompassing curricula on financial skills, personal financial management, budgeting, debt, credit, and tax planning. The legislature emphasizes that this education is essential for preparing students to become responsible workers, household heads, investors, entrepreneurs, business leaders, and engaged citizens. The bill will take effect upon approval, mandating a comprehensive approach to financial education that aims to empower students with practical financial knowledge and skills.

Education

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=91&year=2025