SCR 2 — Declares April 2023 as Financial Literacy Month. (BDR R-1096)

S.C.R.Senate Concurrent Resolution No.

22–Senators SENATELange, CONCURRENTCannizzaro, RSpearman, ESOLUTIONDondero NLoop; O.

2–SENATORSDaly, LANGEDonate, ,Flores, CD. ANNIZZARO , SPEARMAN , DONDERO LOOP ;

DALYHarris, ,Neal, DNguyen, ONATEOhrenschall, ,Pazina FLORESand ,Scheible D.Joint Sponsor:

HARRISAssemblyman ,Nguyen NFILE EAL,NUMBER.......... N GUYEN , O HRENSCHALL , PAZINA AND SCHEIBLE A PRIL10, 2023 ____________ JOINT SPONSOR :

ASSEMBLYMAN N GUYEN ____________ Read and Adopted SUMMARY—Declares April 2023 as Financial Literacy Month.

(BDR R-1096) ~ EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

and W HEREAS , The Organization for Economic Co-operation and Development conducted a survey in 2018 of individuals who are 15 years of age in the United States and found that 18 percent of respondents did not learn fundamental financial skills that are often applied in everyday situations, such as building a simple budget, comparisoncomWaHEREASsh, shoppingAccording to an Organization for Economic Co- operation and understandingDevelopment anstudy, invoice;in 2018, more than one in six students in the United States did not reach the baseline level of proficiency in financial literacy;

and W HEREAS , AccordingIn to2018, an OrganizationEVERFI forsurvey Economicof Co-over operation100,000 andincoming Developmentcollege study,students infound 2018,that more92 thanpercent oneof instudents sixfelt students“they inneeded themore Unitededucation, Statesinformation didand/or notsupport reachto thebe baselineable levelto ofpay proficiencyoff intheir financialcollege literacy;loan”;

and -W *SCR2*HEREAS –, 2According –to Wa HEREASsurvey ,conducted Inby 2018,Experian anin EVERFI2019, survey49 percent of overGeneration 100,000Z incomingconsumers collegesurveyed studentssaid found that 92they percentfound offinancial studentstopics feltto “theybe neededsomewhat moreinteresting education,or informationinteresting, and/orand supportpercent toeven besaid ablethey toloved paylearning offabout theirsuch collegetopics; loan”;

and W HEREAS , AccordingThe toInternational aReview surveyof conductedEconomics byEducation Experianpublished a paper in 2019,2014 49titled percent“The features and effectiveness of Generationthe ZKeys consumersto surveyedFinancial saidSuccess thatcurriculum,” theywhich found that one- semester financial topicsliteracy programs taught by trained teachers were found to beincrease somewhathigh interestingschool orstudents’ interesting,financial andknowledge 11by 61 - 82nd Session (2023) – 2 – percent evenand saidwere theymost lovedeffective learningin aboutimproving suchknowledge topics;in the areas that the students were most deficient;

and W HEREAS , The International Review of Economics Education published a paper in 2014 titled “The features and effectiveness of the Keys to Financial Success curriculum,” which found that one- semester financial literacy programs taught by trained teachers were found to increase high school students’ financial knowledge by 61 percent and were most effective in improving knowledge in the areas that the students were most deficient;

now, therefore, be it RRESOLVED ESOLVED BY THE SENATE OF THE SSTATE TATE OF N EVADA , THE A SSEMBLY CCONCURRING ONCURRING , That the Nevada Legislature hereby recognizes and declares the month of April 2023 as Financial Literacy Month, in order to raise public awareness about the need for increased financial capability;

and be it further RRESOLVED ESOLVED , That the Secretary of the Senate prepare and transmit a copy of this resolution to the Nevada Credit Union League, the Governor of the State of Nevada, the Superintendent of Public Instruction, the Chairs of the Senate Finance and Ways and Means Committees, the Legislative Commission and the Director of the Nevada Legislative Counsel Bureau;

and be it further RRESOLVED ESOLVED , That this resolution becomes effective upon adoption.

H~~~~~23 - *SCR2*82nd Session (2023)