Bill
Bill > AR71
NJ AR71
NJ AR71Urges State Board of Education to require school districts to incorporate financial literary instruction into mathematics and social studies curriculum.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This Assembly resolution urges the New Jersey State Board of Education to require school districts to incorporate financial literary instruction into the mathematics and social studies curriculum. Financial literacy instruction serves an important role in the development of young people. In addition to providing them with information to help create savings plans and manage debt, financial literacy instruction can help individuals develop efficient household budgets and formulate strategic investment decisions. However, instead of mandating additional separate curriculum requirements on school districts, financial literacy instruction should be incorporated into the existing curriculum. The New Jersey Student Learning Standards in mathematics is clearly an appropriate place to incorporate financial literary instruction, and other subject areas, including social studies, could also be tailored to improve a student's understanding of financial literacy.
AI Summary
This resolution urges the New Jersey State Board of Education to integrate financial literacy instruction into existing mathematics and social studies curriculum, rather than creating a separate mandatory course. The resolution emphasizes the importance of financial literacy for young people, noting that such instruction can help students develop skills in savings planning, debt management, budgeting, and investment strategies. The document highlights that financial literacy is crucial for individual and community well-being, and points out that New Jersey already requires high school students to complete credits in financial literacy and has a law mandating financial literacy instruction in grades six through eight. By incorporating financial literacy into existing subjects like mathematics and social studies, the resolution aims to provide comprehensive financial education without adding extra burdens to school districts or increasing students' workload. The resolution acknowledges that financial literacy is so important that the United States even recognizes National Financial Literacy Month each April, and it seeks to ensure students learn critical financial skills such as credit management, savings, debt management, and homeownership through an integrated approach to curriculum design.
Committee Categories
Education
Sponsors (2)
Last Action
Introduced, Referred to Assembly Education Committee (on 01/09/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/AR71 |
| BillText | https://pub.njleg.gov/Bills/2024/AR/71_I1.HTM |
Loading...