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ID SCR128
Concurrent Resolution
Status
3/19/2020
Primary Sponsor
Education Committee
Click for details
AI Summary
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Encourages Idaho high schools, colleges, and universities to offer credit-bearing personal finance classes to students to promote financial literacy and stability
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Cites that Americans aged 18-29 owe over one trillion dollars in debt, and only 22% of Americans aged 18-24 are financially stable according to University of Illinois at Urbana-Champaign research
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Notes high debt levels are associated with anxiety, depression, and adverse health conditions, and can delay major life milestones including marriage, parenthood, and home ownership
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Recommends personal finance classes cover fundamentals including checking and savings accounts, car purchases, mortgages and loans, insurance, investments, credit card use, and credit reports
Legislative Description
Stating findings of the Legislature and encouraging Idaho high schools, colleges, and universities to offer credit-bearing personal finance classes to their students.
EDUCATION
Last Action
Reported signed by the Speaker & ordered delivered to Secretary of State
3/19/2020