H.C.R. 188 Summary

• Urges the Department of Education to implement a graduation requirement of at least half a credit in financial literacy during junior or senior year of high school

• Required curriculum must include practical information on banking, credit cards, student loans, tax filing, credit scores, savings and investments, rental deposits, and wages and benefits analysis

• Notes that Hawaii ranks among the lowest ten states in high school financial literacy levels and ranks among the highest fifteen states in credit card debt, while having the highest cost of living in the nation

• References a 2015 task force report that recommended implementing a financial literacy program in schools and notes that seventeen states currently require financial literacy courses for graduation

• Directs transmission of certified copies to the Chairperson of the Board of Education and Superintendent of Education