Bill > SB497

This bill mandates that beginning with the 2026-2027 school year, the Hawaii Department of Education must incorporate financial literacy education into the existing personal transition plan requirement for all students. The legislation stems from findings that Hawaii has historically received poor grades in financial education, with students lacking essential financial skills typically not taught comprehensively in schools. The bill defines financial literacy broadly, including curriculum on financial skills, personal financial management, budgeting, debt, credit, and tax planning. Schools will have flexibility in developing their financial literacy programs, either by integrating the content into their existing personal transition plan or implementing it systematically throughout their school program. The bill is supported by survey data showing overwhelming public support for financial education, with 88% of respondents in a 2022 poll favoring a semester or year-long personal finance course for high school students. The ultimate goal is to better prepare Hawaii's youth for financial independence by developing fiscal responsibility and financial management skills that will serve them throughout their lives.

Education

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=497&year=2025