Bill > A01124

This bill requires all school districts in New York to provide high school students (grades 9-12) with a full unit of instruction focused on consumer awareness and financial education. The bill mandates that school districts develop a comprehensive financial literacy program covering a wide range of topics, including setting financial goals, understanding banking services, managing credit and debt, comprehending investment and insurance products, calculating interest rates, and exploring retirement planning options. The instruction can be integrated into existing economics or home economics courses, and the state's education commissioner is tasked with providing technical assistance and developing age-appropriate curricula. Specific required topics include understanding checking and savings accounts, investment risks, insurance products, credit scoring, debt management, and a review of consumer protection agencies and laws. The goal is to equip high school students with practical financial knowledge and skills to help them make informed financial decisions. The bill will take effect one year after becoming law, giving school districts time to prepare and implement the new curriculum requirements.

Education

https://www.nysenate.gov/legislation/bills/2025/A1124