Bill > S2665

This bill aims to improve financial literacy education for middle and high school students in Massachusetts. It establishes the Financial Literacy Trust Fund, which will be administered by the Commissioner of Elementary and Secondary Education. The fund will be used to develop curriculum materials, provide professional development for educators, and prioritize underserved communities and schools implementing financial literacy programs for the first time. The bill also expands the financial literacy standards to cover topics like loans, interest, credit, investing, taxes, banking, budgeting, and emerging financial technologies. The Department of Elementary and Secondary Education can utilize the Financial Literacy Trust Fund and other funding sources to implement these financial literacy education requirements.