Bill > S04206

This bill requires all school districts in New York to provide high school students (grades 9-12) with one 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, exploring investment tools, comprehending insurance products, managing credit and debt, calculating interest rates, and planning for retirement. The instruction can be integrated into existing economics or home economics courses and must be age-appropriate and tailored to students' needs and abilities. The state education commissioner is tasked with providing technical assistance and developing curriculum guidelines to help schools implement this requirement. The goal is to equip high school students with practical financial knowledge and skills that will help them make informed financial decisions throughout their lives. The bill will take effect one year after becoming law, giving school districts time to prepare and develop appropriate curriculum materials.

Education

https://www.nysenate.gov/legislation/bills/2025/S4206