Legislation co-sponsored by Sen. Tony Hwang that promotes financial literacy for the state’s public high school students was signed into law this week. The law requires high school students to complete a one-half credit course in personal financial management and financial literacy for graduation.
“As a strong past and current supporter of financial literacy education, I am pleased to see this common sense legislation become law,” Sen. Hwang stated in a press release submitted to the Courier. “It will help so many of our students learn valuable lessons on saving money and staying out of debt. Learning how to create a budget – and stick to that budget – will serve our young people well for the rest of their lives. Learning to save, to invest steadily and to live within one’s means is a strategy for financial success.”
According to the release, the policy was part of the Senate Republican lawmakers’ comprehensive “A Better Way to a Prosperous Connecticut” series of legislative workforce measures to put young people on a path to a well-paying career to support themselves and their families.
Sen. Hwang has for several years served as a member of the state’s 2Gen Advisory Council, which focuses on Connecticut’s workforce and education challenges in order to boost the economy and achieve long-term job growth.
“Former Connecticut State Senator Ted Kennedy Jr. and I teamed up four years ago to propose financial literacy legislation,” Sen. Hwang added. “We based our proposal on the research and recommendations of my group of high school interns at the State Capitol. I continue to thank them for bringing this policy to my attention, and am happy to see it finally become state law.”
State Senator Tony Hwang represents Bethel, Easton, Fairfield, Southport, Newtown and Sandy Hook.