BE IT ENACTED with THE LEGISLATURE OF THIS continuing STATE OF HAWAII:
SECTION 1. The legislature discovers that the 2019 study of home monetary wellness in Hawaii identified that sixty-nine % of households are experiencing moderate to serious stress that is financial. One in five households had total investing that exceeded their earnings. Alternate economic solution items (AFS), which include cash orders, check always cashing, payday advances and pawn store or automobile name loans solutions were utilized by twenty-one percent of households at least one time through the 12 months, and also this study additionally discovered that five % of households are “unbanked” meaning that they don’t have a checking or checking account, and one more nineteen % are “underbanked” meaning they usually have a minumum of one of those reports but additionally count on an AFS item.