Bill > S00095

This bill establishes a mandatory financial education requirement for high school students (grades nine through twelve) in New York public schools, mandating that students receive a comprehensive financial literacy program. The program must cover a wide range of financial topics, including personal budgeting, banking, credit management, tax computation, investment strategies, insurance principles, and retirement planning. School districts will be responsible for developing and maintaining this curriculum, which can be integrated into existing economics courses or developed as additional coursework. The instruction must be age-appropriate and tailored to students' needs and abilities, with specific learning objectives such as understanding banking services, calculating interest rates, evaluating borrowing options, analyzing investments, and recognizing the importance of financial planning throughout different life stages. The state education commissioner will provide local assistance in curriculum development, and the bill will take effect 120 days after becoming law. The comprehensive nature of this requirement aims to equip students with practical financial skills that can help them make informed economic decisions throughout their lives.

Education

https://www.nysenate.gov/legislation/bills/2025/S95