FL S0710

Designates April 2023 and each April thereafter as "Financial Literacy Month" in Florida, aligning with the federal recognition of April as Financial Literacy Month since 2004

Cites that Florida ranks third in the nation in population and fifth in the nation in household debt-to-income ratio, according to the U.S. Census Bureau and Federal Reserve data

References a 2018 FINRA study finding that approximately 46% of Florida individuals lacked a rainy-day fund, 18% had household spending exceeding income, and only about one in three could answer at least four out of five basic financial literacy questions correctly

Notes Florida's enactment of the Dorothy L. Hukill Financial Literacy Act in 2022, which requires high school students entering 9th grade in the 2023-2024 school year and thereafter to complete a financial literacy course to receive a standard diploma

Sponsored by Senator Avila as a non-binding Senate Resolution (SR 710) emphasizing that financial literacy empowers individuals to make sound decisions about credit, debt, insurance, financial transactions, and future planning