HI SR116

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 ten states with lowest high school financial literacy levels, among the highest fifteen states in credit card debt, and has the highest cost of living among all states.

References a 2015 task force that submitted recommendations for implementing a financial literacy program in Hawaii public schools.

Directs certified copies of the resolution to be sent to the Chairperson of the Board of Education and Superintendent of Education.